Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) an amount has been received by Australia Post for carriage to a person; and
(b) the amount has not been claimed within one year after becoming payable to the person;
the amount shall be paid into an account kept by Australia Post called the Unclaimed Money Fund.
(2) If Australia Post is satisfied that a person is entitled to an amount that is in the Unclaimed Money Fund, Australia Post shall pay the amount to the person from the Fund.
(3) Amounts that have remained in the Unclaimed Money Fund for a period of 2 years shall be paid out of the Fund into Australia Post's general money.
(4) If an amount has, under subsection (3), been paid out of the Unclaimed Money Fund, Australia Post is not required to pay the amount to any person, but may, if it is satisfied that special reasons exist for doing so, pay the amount to any person who satisfies Australia Post that, but for this subsection, he or she would be entitled to the amount.