THE CORPORATIONS LAW

CHAPTER 9 - MISCELLANEOUS

PART 9.7 - UNCLAIMED PROPERTY

SECTION 1343A   DISPOSAL OF INTERESTS IN REGISTERED SCHEME IF WHEREABOUTS OF MEMBER UNKNOWN  

1343A     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.

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