AustLII Tasmanian Numbered Acts

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UNCLAIMED MONEY ACT 2015 (NO. 40 OF 2015) - SECT 27

Payment into Consolidated Fund

(1)  If unclaimed money has been unclaimed for a period of 2 years after it was paid to the Treasurer, the Treasurer may direct that the money be paid into the Consolidated Fund.
(2)  The payment of unclaimed money into the Consolidated Fund does not affect or prejudice the right of the owner of the unclaimed money, and the owner may recover the unclaimed money as if the money had not been paid into the Consolidated Fund.
(3)  If a lawful claim is made under section 12 , 13 or 25 for unclaimed money that has been paid into the Consolidated Fund, the Treasurer is to direct that payment be made to the claimant.
(4)  Any amount payable to a claimant under subsection (3) is payable out of the Consolidated Fund, which is, to the necessary extent, appropriated accordingly.


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