Senators Quinn and McDowell raised the issue of a central database containing details of policyholders whose policies are unclaimed. A proposal was brought forward for such an electronic database, accessible to members of the public to the extent that they could check if there were any dormant assets in their name. That proposal has been examined and the concept holds a great deal of merit. It would come into effect where the controller of the database received reasonable evidence of a claim to the proceeds of a dormant account or unclaimed life policy. The Minister has already stated that, if such a database was properly constructed and managed, it could assist members of the public in tracing dormant moneys. He is aware that a number of commercial organisations are interested in assisting with such a database.