Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) All amounts received by the transferor under this division must be paid into a separate bank account and the amounts, and any other consideration received under this division, are to be held by the transferor in trust for the people entitled to the shares in relation to which they were respectively received.
(2) If an amount or other consideration received by the transferor under this division has been held in trust by the transferor for a person for at least 2 years, the transferor must pay the amount or transfer the consideration to the registrar, together with any accretions to it and any property that has become substituted for it or part of it.
(3) The Corporations Act, part 9.7 (Unclaimed property) applies to anything paid or transferred to the registrar under subsection (2).
(4) The part applies subject to the change mentioned in subsection (5).
(5) A reference in the part to unclaimed property is taken to be a reference to the thing paid or transferred to the registrar under subsection (2).
(6) The transferor must comply with subsection (2) before the end of 10 years after the day the amount was paid, or the consideration was allotted or transferred, to the transferor.