Victorian Current Acts

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FINANCIAL MANAGEMENT ACT 1994 - SECT 58

Unclaimed property

S. 58(1) amended by No. 44/2008 s. 110.

    (1)     If the Crown is entitled to any property whether real or personal as unclaimed property (otherwise than by reason of the Unclaimed Money Act 2008 ), the Minister on behalf of the Crown may, subject to and in accordance with subsection (3), grant, convey, transfer, assign or deliver that property on such terms as the Minister thinks fit.

    (2)     If any money or the proceeds of the realisation of any property has been paid into the Consolidated Fund as unclaimed property, the Minister may, subject to and in accordance with subsection (3), authorise the payment of the whole or any part of the money out of the Consolidated Fund (which is to the necessary extent appropriated accordingly).

    (3)     A grant, conveyance, transfer, assignment, delivery or payment of property under this section may be made by the Minister—

        (a)     if the Crown became entitled to the property as the result of the death of any person—

              (i)     to any person whether related to the deceased or not who was dependent upon the deceased; or

              (ii)     to any person for whom in the opinion of the Minister the deceased might reasonably have been expected to make provision; and

        (b)     in any other case to any person who in the opinion of the Minister has a just claim in relation to that property or money.



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