CASH GRAB: Inactive Australian bank accounts to be seizedNews.com.au
Feb. 27, 2013
Christian Refugee Returns to Syria: 'I Was Scared When I Saw How Many Refugees Openly Pledged to ISIS'
Orban: 'The Youth of Western Europe Will Live to See When They Become a Minority in Their Own Country And Lose the Only Place in the World to Call Home'
Parkland Students Rally in Israel and Dubai to Demand Gun Control in America
'The Boer Project': Swedish Documentary Shows 'Reverse Apartheid' in South Africa
McMaster Pushes For War With Syria, Russia And Iran in Speech at Holocaust Memorial Museum
HOUSEHOLDS face losing up to $109 million from their family savings as the Federal government moves to seize cash from inactive bank accounts.
After legislation was rushed through parliament, the government will from May 31 be able to transfer all money from accounts that have not been used for three years into their own revenues.
This will mean that accounts with anything from $1 upwards that have not had any deposit or withdrawals in the past three years will be transferred to the Australian Securities and Investment Commission.