Automatic Enrolment Retirement Savings System Act 2024

Publication of notice

92. (1) Where there are unclaimed balances in respect of which the Authority has taken all reasonable steps to notify a person under section 91 (1) or (2), and those steps have failed, the Authority shall publish a notice in 2 or more daily newspapers circulating in the State and in Iris Oifigiúil.

(2) The notice shall be published—

(a) in the case of the first notice, on 31 October 2041, and

(b) in any other case, in each subsequent year, on the first working day in November in that year.

(3) The notice shall be in such form as may be prescribed by the Minister with the consent of the Minister for Rural and Community Development or in a form to the like effect and shall contain the following information:

(a) the name and address of the Authority;

(b) that the Authority holds unclaimed balances;

(c) that if in relation to unclaimed balances referred to in subsection (1) no specified event occurs on or before 31 March next following, the unclaimed balance will be transferred to the Dormant Accounts Fund without further notice to the participant or personal representative;

(d) that any interested person should contact the Authority to establish if he or she is entitled to claim any unclaimed balance;

(e) that claims in respect of unclaimed balances may be made by participants under section 83 (1) or by participants’ personal representatives under section 84 (1);

(f) any additional information that may be prescribed by the Minister with the consent of the Minister for Rural and Community Development.

(4) Copies of a notice published under this section shall be published on a website maintained by or on behalf of the Authority.