THE CORPORATIONS LAW

SCHEDULES

SCHEDULE 4

TRANSFER OF FINANCIAL INSTITUTIONS AND FRIENDLY SOCIETIES

Note:

See section 1465A.

PART 7 - TRANSITIONAL PROVISIONS

Unclaimed money  

37(1) 

On and from the transfer date, section 414 applies to a sum or other property that, immediately before the transfer date, is covered by section 414 as applied by:

(a)  section 337 of the Financial Institutions Code of this jurisdiction; or

(b)  section 399 of the Friendly Societies Code of this jurisdiction.

37(2) 

On and from the transfer date, section 544 applies to an amount of money that, immediately before the transfer date, is covered by section 544 as applied by:

(a)  section 342 of the Financial Institutions Code of this jurisdiction; or

(b)  section 403 of the Friendly Societies Code of this jurisdiction.

37(3) 

Sections 414 and 544, as applied by this clause, apply as if:

(a)  references to Part 9.7 were references to the unclaimed money law of this jurisdiction; and

(b)  references to the Commission or ASIC were references to the Minister administering the unclaimed money law of this jurisdiction.

37(4) 

In this clause:

unclaimed money law means:

(a)  the Unclaimed Money Act 1995 of New South Wales; or

(b)  the Unclaimed Moneys Act 1962 of Victoria; or

(c)  Part 8 of the Public Trustee Act 1978 of Queensland; or

(d)  the Unclaimed Money Act 1990 of Western Australia; or

(e)  the Unclaimed Moneys Act 1891 of South Australia; or

(f)  the Unclaimed Moneys Act 1918 of Tasmania; or

(g)  the Unclaimed Moneys Act 1950 of the Australian Capital Territory; or

(h)  the Companies (Unclaimed Assets and Moneys) Act of the Northern Territory.