Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) The operator of a retirement village must make and keep for at least 2 years a record of all uncollected goods that the operator disposes of under section 52.
(2) The operator must account to the former occupant (or to the executor or administrator of the former occupant's estate) for the balance of the proceeds of the sale of the goods after the deduction of the reasonable costs of removing, storing and selling the goods.
(3) However, if the operator does not have an address mentioned in section 52 (4), the balance of the proceeds must be dealt with as unclaimed amounts under the Unclaimed Money Act 1950
, part 3 (Unclaimed
amounts payable by companies).
Part 9 Prescribed rates of
interest