Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part VIII · Examination and Investigation
106B. Lodgement of amount not distributed with Registrar of Unclaimed Moneys
Feedback & supportTo the extent that any of the amount paid under paragraph 106A(3)(e) or subsection 106A(10) has not been distributed by the person in breach after reasonable efforts to notify the aggrieved persons have failed due to the difficulty of notifying the aggrieved persons, such amount shall be lodged with the Registrar of Unclaimed
person
“person” includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
Moneys in accordance with the provisions of the Unclaimed Moneys
Act 1965 [Act 370].
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development
“development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture;