Sections 14-16: Securities assets Section 16: Meaning of "dormant" in relation to eligible proceeds or distribution
This section provides the definitions of dormancy for securities assets.
	Subsection (2) provides that share conversion proceeds or a distribution can be classed as dormant if the shareholder has been identified as "gone-away" for at least twelve years.
	A shareholder can be defined as "gone-away" if there has been no communication from the shareholder or anyone acting on their behalf. "Gone-away" is a standard industry term used when a shareholder cannot be contacted successfully. There are a range of indicators that may be considered when determining if a shareholder is gone-away, such as whether mail has been returned, an email has bounced back, or a cheque has not been cashed. The precise definition varies and is expected to evolve over time as new technologies emerge. The section captures this concept broadly to allow for these variations.
	Subsections (4) and (5) provide that corporate action proceeds can be classed as dormant:
at least twelve years after the company was notified of the consideration and the proceeds have remained unclaimed; or
immediately, if the share to which the corporate action proceeds relate has already been transferred to the Scheme.