(1) Where a person who makes an application for an unclaimed balance in respect of which moneys have been transferred to the Dormant Accounts Fund under section 93 proves to the satisfaction of the Authority that the person making the application (referred to in this section as the "applicant") is the participant or the participant's personal representative, the Authority shall -

(a) give written confirmation to the applicant that the Authority is satisfied that he or she is the participant or the participant's personal representative,

(b) within 10 working days after giving the confirmation, give written notice to the NTMA of the value of the balance, and

(c) send to the applicant a copy of the notice under paragraph (b) to the NTMA.

(2) The NTMA shall pay to the Authority, within 21 days after the date of the notice, the value of the balance as stated in the notice given under subsection (1)(b).

(3) Within 5 working days after receipt of payment under subsection (2), the Authority shall -