
Released by the Department of Finance under the
Freedom of Information Act 1982
Document 1
s22
s22
Senior Manager
Finance Operations
Australian Securities and Investments Commission
s22
s22
Dear s22
Act of Grace Request – Decision
Thank you for the request submitted on behalf of s22
for an act of
grace payment of s22
, received by the Department of Finance (Finance) on s22
. The request relates to repayment of unclaimed money under section 69 of the
Banking Act 1959 (the Act), which is not possible due to an unintended consequence of
the legislation which requires repayments to be made through an approved deposit taking
institution (ADI). In this case repayemt is not possible ast the ADI in question has been
liquidated.
Decision
I am an authorised delegate for the purposes of section 65 of the
Public Governance,
Performance and Accountability Act 2013 (PGPA Act). I have decided, under subsection
65(1) of the PGPA Act to authorise an act of grace payment of s22
in this instance.
I would appreciate it if your would advise the claimant of this decision.
Yours sincerely
s22
Assistant Director
Discretionary Payments Section
Procurement and Discretionary Payments Branch
Department of Finance
s22
One Canberra Avenue, Forrest ACT 2603 • Telephone 1800 227 572
Email xxx@xxxxxxx.xxx.xx • Internet www.finance.gov.au
I would appreciate it if you would advise the claimants of this decision, and let Finance
know when these payments have been made.
Yours sincerely
s22
Ag Director
Discretionary Payments Section
Procurement and Discretionary Payments Branch
Department of Finance
s22