Document ID: chunk:federal_register_of_legislation:C2004A04777:schedule:7:p2
Version: federal_register_of_legislation:C2004A04777
Segment Type: schedule
Provision Reference: sch 7 (pt 2/2)
Character Range: 97567–99935

Minister under a transfer provision as then in force but the transfer only takes effect after the relevant commencement:

     (a) if the property is money—the Minister must pay it into an unclaimed money account; or

     (b) otherwise—the property vests in the Commission, because of this subsection, immediately after the transfer takes effect.

SCHEDULE 9—continued

"(7) Subsection 544(3), as in force before the relevant commencement, continues to apply in relation to a payment to the Minister made under section 544 as so in force.

"(8) Subsection 702(5), as in force after the relevant commencement, applies in relation to a calendar year ending at or after the relevant commencement.

"(9) Subsections 702(8), (9) and (10), as in force after the relevant commencement:

    (a) apply in relation to a register given, or required to be given, whether before, at or after the relevant commencement, to the Minister or to the Commission; and

    (b) so apply as if a register given, or required to be given, to the Minister had been given, or required to be given, to the Commission.

"(10) Subsections 1341(2) and (3), as in force before the relevant commencement, continue to apply in relation to a claim made under subsection 1341(2) as so in force. They so apply as if the second reference in subsection 1341(2), as so in force, to the Account were a reference to the unclaimed money account into which the money to which the claim relates has been paid.

"(11) Subsection 1341(4) or (5), as in force before the relevant commencement, continues to apply in relation to money that was paid, or money an amount equivalent to which was paid, as the case may be, as directed by the Minister.

"(12) Section 1342, as in force before the relevant commencement, continues to apply in relation to the powers that the Minister had:

  (a) under Part 9.7 as so in force; or

    (b) in relation to unclaimed property as defined by section 1337 as so in force.

  "(13) In this section:

'relevant commencement' means the commencement of item 3 of Schedule 7 to the Amending Act;

'transfer' includes pay;

'transfer provision' means any of the following:

  (a) subsection 414(15);

  (b) subsection 544(1);

  (c) an order of the Court made under paragraph 544(2)(c);

  (d) subsection 577(4);

  (e) subsection 702(6);

SCHEDULE 9—continued

  (f) section 1343.