Dormant Accounts Act, 2001

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Number 32 of 2001

DORMANT ACCOUNTS ACT, 2001

ARRANGEMENT OF SECTIONS

Preliminary and General

Section
1.	Short title and commencement.
2.	Interpretation.
3.	Establishment day.
4.	Regulations and orders.
5.	Expenses.
6.	Penalties and proceedings.

PART 2

Dormant Accounts

Chapter 1

Application of Act

7.	Dormant accounts.
8.	Application of Act.
9.	Extension of application of Act.

Chapter 2

Notification Procedure

10.	Notification procedure.
11.	Publication of notice.

Chapter 3

Transfer of Moneys in Dormant Accounts to Dormant Accounts Fund

Section
12.	Transfer of moneys to Fund.
13.	Non-application of section 12.
14.	Register of Dormant Accounts.
15.	Disclosure of information for statistical purposes.
16.	Rights of share account holders.

Chapter 4

Dormant Accounts Fund

17.	Dormant Accounts Fund.
18.	Investment of Fund.

Chapter 5

Repayment of Moneys Transferred to Fund

19.	Claims for repayment.

PART 3

Compliance with Act

Chapter 1

Certificate of Compliance

20.	Certificate of compliance.

Chapter 2

Inspections

21.	Interpretation (Chapter 2).
22.	Authorisation of inspectors.
23.	Power to inspect records.
24.	Inspector's report.
25.	Privilege of inspector.
26.	Disclosure of information to inspector.
27.	Failure to comply with Act.

PART 4

Intestate Estates Fund Deposit Account

Section
28.	Amendment of State Property Act, 1954.
29.	Repayment of moneys transferred to Fund.

PART 5

Dormant Accounts Fund Disbursements Board

30.	Establishment of Board.
31.	Functions of Board.
32.	Membership of Board and terms of office of members.
33.	Conditions of office of members of Board.
34.	Casual vacancies.
35.	Chairperson of Board.
36.	Meetings and procedure.
37.	Membership of either House of the Oireachtas or European Parliament.
38.	Consultants and advisers.
39.	Disclosure of certain interests.
40.	Unauthorised disclosure of confidential information.

PART 6

Disbursement of Moneys from Fund

41.	Disbursement of moneys for specified purposes.
42.	Plan of Board.
43.	Regulations in relation to disbursements.
44.	Making of disbursements.

PART 7

Miscellaneous

45.	Reports.
46.	Accounts and audits.
47.	Accountability.
48.	Confidentiality.

SCHEDULE

PART 1

PART 2

Acts Referred to
	Building Societies Act, 1989	1989, No. 17
	Central Bank Act, 1971	1971, No. 24
	Central Bank Act, 1989	1989, No. 16
	Companies Acts, 1963 to 1999
	Comptroller and Auditor General (Amendment) Act, 1993	1993, No. 8
	Data Protection Act, 1988	1988, No. 25
	Equal Status Act, 2000	2000, No. 8
	European Parliament Elections Act, 1997	1997, No. 2
	Finance Act, 1940	1940, No. 14
	Finance Act, 1970	1970, No. 14
	Health (Eastern Regional Health Authority) Act, 1999	1999, No. 13
	Health Act, 1970	1970, No. 1
	Local Government Act, 1941	1941, No. 23
	Organisation of Working Time Act, 1997	1997, No. 20
	Petty Sessions (Ireland) Act, 1851	14 & 15 Vict., c. 93
	Public Offices Fees Act, 1879	42 & 43 Vict., c. 58
	State Property Act, 1954	1954, No. 25
	Taxes Consolidation Act, 1997	1997, No. 39
	Trustee Savings Banks Act, 1989	1989, No. 21

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Number 32 of 2001

DORMANT ACCOUNTS ACT, 2001

AN ACT TO PROVIDE FOR THE TRANSFER OF MONEYS FROM DORMANT ACCOUNTS AND THE INTESTATE ESTATES FUND DEPOSIT ACCOUNT TO A FUND TO BE KNOWN AS THE DORMANT ACCOUNTS FUND, TO CONFER FUNCTIONS ON THE NATIONAL TREASURY MANAGEMENT AGENCY IN RELATION TO THE CONTROL AND MANAGEMENT OF THE FUND, TO PROVIDE FOR THE DISBURSEMENT OF MONEYS (INCLUDING THE REPAYMENT OF MONEYS TO PERSONS ENTITLED TO THEM) FROM THE FUND, TO ESTABLISH A BODY TO BE KNOWN AS THE DORMANT ACCOUNTS FUND DISBURSEMENTS BOARD AND TO DEFINE ITS FUNCTIONS, TO PROVIDE FOR THE APPOINTMENT OF INSPECTORS, TO AMEND THE STATE PROPERTY ACT, 1954, AND TO PROVIDE FOR RELATED MATTERS. [14th July, 2001]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:

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Dormant Accounts Act, 2001

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