Amended legislation affecting inactive bank accounts.
- Odtojan Bryl Lawyers
- Mar 14, 2013
- 1 min read
An amended legislation which takes effect at the end of May 2013, will enable the transfer of monies from inactive bank accounts, within three years, to the Australian Federal Government. Monies transferred to the Government can be reclaimed via the Australian Securities and Investments Commission (ASIC).
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