Section 280: Deceased service person's money undisposed of to constitute a fund

(1) Subject to the provisions of this section, if any money or personal property or any part thereof belonging to a deceased person subject to service law under this Act, is not disposed of or appropriated within one year and no valid claim thereto has been made, it shall, after conversion into cash where necessary, be paid over to the Accountant-General who shall apply it towards establishing a fund for the benefit of service personnel and ex-service personnel of the Armed Forces who are in distress, or for the benefit of the Armed Forces generally, or for charitable purposes.
(2) The application under subsection (1) of this section of any money or property or part thereof towards establishing a fund shall not be a bar to any subsequent claim, by any person, established within twelve months after the application.
(3) The Minister of Defence, after consultation with the Forces Council, may make regulations for the formation of the fund and any disbursements from the fund, and those regulations may provide for the fund to be identical with the Armed Forces Benefit Fund established under this Act or for the fund to be a separate fund administered for the purposes of this section.