Automatic Enrolment Retirement Savings System Act 2024

Chapter 4

Unclaimed balances

Interpretation (Chapter 4)

89. (1) In this Chapter—

“correspondence address” means:

(a) in the case of a participant, the participant’s last known address for correspondence according to the records of the Authority;

(b) in the case of any other person, any address that appears to the Authority to be an address for correspondence, or the last known address for correspondence, for that person;

“dormancy period” means any period of 15 years ending with—

(a) 30 September 2041, or

(b) 30 September in any later year;

“register” means the register of unclaimed balances, established under section 94 ;

“specified event” means:

(a) an application under section 83 (1) or section 84 (1);

(b) a communication within the meaning of section 100 ;

“unclaimed balance” has the meaning given in section 90 .

(2) This Chapter and the Dormant Accounts Acts 2001 to 2012 may be cited together as the Dormant Accounts Acts 2001 to 2024.