Unclaimed Money Regulation 2025 (NSW)

1Name of regulation

This regulation is the Unclaimed Money Regulation 2025.

2Commencement

This regulation commences on the day on which the Revenue and Other Legislation Amendment Act 2025, Schedule 8 commences.

3Penalty notices(1)

For the Act, section 47A—

• (a)

  each offence created by a provision specified in Schedule 1 is an offence for which a penalty notice may be issued, and

• (b)

  the amount payable for the penalty notice is the amount specified opposite the provision.

(2)

If the provision is qualified by words that restrict its operation to limited kinds of offences or to offences committed in limited circumstances, the penalty notice may be issued only for—

• (a)

  the limited kind of offence, or

• (b)

  an offence committed in the limited circumstances.

Schedule 1Penalty notice offences

section 3

Provision

Penalty

Offences under the Act

Section 9C

For an individual—$5,500

Otherwise—$11,000

Section 10

For an individual—$5,500

Otherwise—$11,000

Section 11

For an individual—$440

Otherwise—$2,200

Section 13C

For an individual—$440

Otherwise—$2,200

Section 26N

For an individual—$5,500

Otherwise—$11,000

Section 30

For an individual—$440

Otherwise—$2,200

Historical notesTable of amending instruments

Unclaimed Money Regulation 2025 (324). LW 1.7.2025. Date of commencement, 1.7.2025, sec 2.