Western Australian Numbered Acts

UNCLAIMED MONEY (SUPERANNUATION AND RSA PROVIDERS) AMENDMENT AND EXPIRY ACT 2014 (NO. 22 OF 2014) - SECT 5

5 .         Sections 27 and 28 inserted

                At the end of Part 5 insert:

27.         Winding-up

        (1)         After the winding-up commencement, the Treasurer is not to make any payment under section 13(1) or (2).

        (2)         For the first unclaimed money day after the winding-up commencement the Treasurer is to give the Commissioner a statement of unclaimed money in accordance with the Commonwealth Act section 16, as applied by the Commonwealth Act sections 18AA and 49A.

        (3)         In relation to the first unclaimed money day after the winding-up commencement the Treasurer is to make a payment to the Commissioner in accordance with the Commonwealth Act section 17, as applied by the Commonwealth Act sections 18AA and 49A.

        (4)         Upon or as soon as practicable after making the payment required by subsection (3), the Treasurer is to deliver to the Commissioner the register kept under Part 3 Division 1 and all ancillary records, documents and information in the Treasurer’s possession or under the Treasurer’s control.

        (5)         Payments under this section are charged to the Consolidated Account which is appropriated accordingly.

28.         Act to expire

        (1)         When the Treasurer —

            (a)         has fulfilled the requirements of section 27; and

            (b)         is satisfied that there is no reason for this Act to continue,

                the Treasurer is to publish a notice in the Gazette stating that the affairs for which this Act provides have been concluded, that the Treasurer is satisfied that there is no reason for the Act to continue and that, under subsection (2), this Act expires at the end of the day on which the notice is published.

        (2)         This Act expires as stated in a notice published under subsection (1).