Unclaimed Money Act 1995 (NSW)

Unclaimed Money Act 1995 No 75

An Act to provide for the payment of unclaimed money into the Consolidated Fund; to make provision for the publication of information about, and the repayment of, unclaimed money; to make similar provision in relation to unclaimed superannuation benefits of public sector superannuation schemes; to repeal the Unclaimed Money Act 1982; to make consequential amendments to other Acts; and for other purposes.

Part 1 Preliminary

1 Name of Act This Act is the Unclaimed Money Act 1995.

2 Commencement This Act commences on a day or days to be appointed by proclamation.

3 Definitions In this Act— account includes a record of money held on account of another person or body. applicant means a person who applies under section 17 for the repayment of unclaimed money paid to the Chief Commissioner. Chief Commissioner means the Chief Commissioner of State Revenue appointed under the Taxation Administration Act 1996. Commonwealth Superannuation Act means the Superannuation Industry (Supervision) Act 1993 of the Commonwealth. enterprise means a person, partnership, association, society, institution, organisation or other body, whether or not incorporated, that— (a) operates in any way (or, in the case of a natural person, has a residential address) in the State, and (b) holds money on account of another person or body, but does not include a bank (within the meaning of the Banking Act 1959 of the Commonwealth) or a building society, credit union or friendly society. exercise a function includes perform a duty. function includes a power, authority or duty. officer of an enterprise or public sector superannuation provider that is not a natural person means a person who is concerned in or takes part in the management of the enterprise or public sector superannuation provider, and includes a person in accordance with whose instructions the enterprise or public sector superannuation provider is managed or controlled. owner of money means the person who is entitled to the money (or the person who would be so entitled except for the operation of the Limitation Act 1969), and includes the person's executors, administrators and assigns and the lawful attorney or agent in the State of the person, executor, administrator or assign. public sector superannuation provider means a public sector superannuation provider within the meaning of Part 3A. record includes— (a) any book, account, deed, writing or document, and (b) any other source of information compiled, recorded or stored in written form, or on microfilm or by electronic process, or stored in any other manner or by any other means. return means a return required by section 10 or 13B. unclaimed superannuation benefit means an amount that is taken to be unclaimed money under the Superannuation (Unclaimed Money and Lost Members) Act 1999 of the Commonwealth.