Unclaimed money

ASIC is responsible for handling all unclaimed moneys from:

  • authorised deposit taking institutions, under s69 of the Banking Act 1959 (Banking Act)
  • life insurance companies & benefit fund friendly societies, only for annual returns made under s216 of the Life Insurance Act 1995 (Life Insurance Act)
  • companies with unclaimed money/property, under sections 668A, 668B, 1343, 1343A 1017E, 601AD(2), 601AD(1A), 601NG, 544 and 414 of the Corporations Act 2001(Corporations Act).

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Last updated: 14/09/2014 12:00