Queensland Consolidated Acts

PUBLIC TRUSTEE ACT 1978 - SECT 98

In this division—

accountable person means a person (other than the Crown) or body (other than a body representing the Crown) having as an object the carrying on of any trade, business or profession in the ordinary course of which money is held for payment to others and includes—

(a) a receiver;

(b) a statutory authority set up by any Act;

(c) a trustee company as defined in the Trustee Companies Act 1968;

(d) an entity prescribed by regulation to be an entity to which this division applies.

owner means the person entitled to any unclaimed moneys and the executors, administrators or assigns of such person and his, her or their lawful attorney or agent in Queensland.

unclaimed moneys means—

(a) all principal and interest moneys and all dividends, bonuses, profits, and sums of money whatsoever which at any time have become payable (whether before or after the commencement of this Act) by an accountable person, in the course of the person's trade, business or profession, to the owner and the whole or part of which have been in the possession of the accountable person for 2 years or more; and

(b) all principal and interest moneys and all dividends, bonuses, profits, and other sums of money that—

(i) are held by the State; and

(ii) have been in the possession of the State for 2 years or more after they have become payable to the owner; and

(c) an unclaimed superannuation benefit.