Definitions
Definition of Unclaimed Money
Is money held in an account that has been inactive for at least six years. The operation of an account does not include the debiting of a fee, tax, duty or charge, or the crediting of interest or a dividend.
Accounts with balances of $100 or less are not classed as unclaimed money.
Definition of an Enterprise
An enterprise is either a person, a partnership, an association, a society, an institution, an organisation or any other body (incorporated or not) that operates in any way in NSW and holds money on account of another person.
Last updated: 09-May-2008