(1) Where in respect of an unclaimed balance -

(a) notice under section 91(1) or (2) is given by the Authority and a specified event does not occur in relation to the unclaimed balance before the date specified in section 91(1)(b), or

(b) notice under section 92(1) is given by the Authority and a specified event does not occur in relation to the unclaimed balance before the date specified in section 92(3)(c),

the Authority shall, not later than 30 April next following, transfer to the Dormant Accounts Fund the value of the unclaimed balance after deducting any fees payable under regulations made in accordance with section 35.

(2) On making a transfer to the Dormant Accounts Fund under this section the Authority shall furnish to the NTMA a written statement specifying the total amount of moneys transferred.