Unclaimed Money Act 2015 (Tas)

Unclaimed Money Act 2015

An Act to provide for the management of unclaimed money in an economical, efficient and effective manner, for the payment of unclaimed money into and out of the Public Account, to repeal the Unclaimed Moneys Act 1918 and for related purposes [Royal Assent 2 November 2015]

Be it enacted by Her Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

PART 1 - Preliminary

1. Short title This Act may be cited as the Unclaimed Money Act 2015 .

2. Commencement This Act commences on a day to be proclaimed.

3. Interpretation In this Act, unless the contrary intention appears – holder means the person or body that holds unclaimed money and includes – (a) any person acting for or on behalf of the holder; and (b) the legal personal representative of the holder; legal personal representative means – (a) the executor of the will or administrator of the estate of a deceased person; or (b) the trustee of the estate of a person under a legal disability; or (c) a person who holds an enduring power of attorney granted by a person; officer means a person who is – (a) a State Service officer or State Service employee; or (b) employed – (i) by or in an Agency; or (ii) by the Governor-in-Council pursuant to the royal prerogative or pursuant to any written law; or (iii) for the purposes of an Agency pursuant to any written law – whether that person is employed under a contract of service or a contract for service and whether or not that person receives any remuneration for the employment; owner means the person entitled to any unclaimed money, and includes his or her legal personal representatives or assigns, and his or her, or their, lawful attorney or agent in this State; Public Account means the Public Account of the State referred to in section 9 of the Financial Management Act 2016 ; State entity has the same meaning as in the Audit Act 2008 ; unclaimed money means money taken to be unclaimed money under section 4(2) , 18 , 19(2) or 21(1) ; unclaimed superannuation benefit means an amount of money that is taken to be unclaimed money under sections 12 and 14 of the Superannuation (Unclaimed Money and Lost Members) Act 1999 of the Commonwealth.