Corporations Act 2001
CHAPTER 9
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MISCELLANEOUS
PART 9.7
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UNCLAIMED PROPERTY
SECTION 1343A
1343A
DISPOSAL OF INTERESTS IN REGISTERED SCHEME IF WHEREABOUTS OF MEMBER UNKNOWN
If, during a period of at least 6 years while a person has been shown in the register of members of a registered scheme as the holder of interests in the scheme:
(a) the responsible entity has had reasonable grounds for believing that the person was not residing at the address shown in the register as their address; and
(b) the responsible entity's attempts to communicate with the person have been made using reasonable diligence but have all been unsuccessful;
If, during a period of at least 6 years while a person has been shown in the register of members of a registered scheme as the holder of interests in the scheme:
(a) the responsible entity has had reasonable grounds for believing that the person was not residing at the address shown in the register as their address; and
(b) the responsible entity's attempts to communicate with the person have been made using reasonable diligence but have all been unsuccessful;
the responsible entity may, by executing a transfer for and on behalf of the person, transfer the interests and any rights in respect of them to ASIC to be dealt with under this Part.
[ CCH Note: There is no Part 9.8.]
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