Section 1339 — Corporations Act 2001 (Cth)

ASIC to deal with unclaimed property

(1) Unclaimed property held by ASIC is to be dealt with in accordance with this Part.

Note: Unclaimed property is held by ASIC for and on behalf of the Commonwealth (see subsections 8(3) and (4) of the ASIC Act).

(2) If property (other than money) becomes unclaimed property, ASIC must, on behalf of the Commonwealth, sell or dispose of the property as ASIC thinks fit.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 1338AA — Criminal jurisdiction of the Federal Court
s 1338B — Criminal jurisdiction of State and Territory courts
s 1338C — Laws to be applied
s 1340 — No liability to pay calls on shares etc.
s 1341 — Entitlement to unclaimed property
s 1342 — Commonwealth or ASIC not liable for loss or damage

Research how courts apply s 1339

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.

Try BriefBridge free