Document ID: chunk:federal_register_of_legislation:C2012A00176:clause:5_6
Version: federal_register_of_legislation:C2012A00176
Segment Type: clause
Provision Reference: sch 5 cl 6
Character Range: 20874–21770

6  Subsections 1341(1) and (2)
Repeal the subsections, substitute:
 (1) If:
 (a) unclaimed property is or was held by ASIC; and
 (b) the unclaimed property is an amount of money; and
 (c) a person claims to be entitled to that amount; and
 (d) ASIC is satisfied that the person is entitled to that amount;
ASIC must:
 (e) pay the person an amount equal to that amount; and
 (f) do so out of money appropriated by the Parliament for the purposes of this section.
 (2) If:
 (a) ASIC has, under subsection 1339(2), sold or disposed of unclaimed property; and
 (b) the amount of the proceeds is or was held by ASIC; and
 (c) a person claims to be entitled to that amount; and
 (d) ASIC is satisfied that the person is entitled to that amount;
ASIC must:
 (e) pay the person an amount equal to that amount; and
 (f) do so out of money appropriated by the Parliament for the purposes of this section.