My friend emailed me the following information to me:
The Australian Government has introduced a legislation amendment to the Banking Act 1959 Section 69 (Unclaimed Monies). The amendment has shortened the time at which money is recognised under the Banking Act as lost or unclaimed. Amounts greater than $500 held by Authorised Deposit-taking Institutions will become unclaimed monies 3 years after the last deposit or withdrawal (i.e. other than fees or interest), instead of 7 years.
It’s important you read this letter carefully as non-action will mean the money in your account could be transferred to the Australian Government to be held on your behalf as unclaimed monies.
What you need to know.
As a result of the legislation change, all banks are required to transfer the money to the Australian Government, who hold it on behalf of the customer. All bank would need to do this if you don’t re-activate your account before 31 March 2013.
What you need to do.
Re-activating your account is easy. All you need to do is:
Deposit money into, or withdraw money from, your account at your nearest branch.
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有些帐户确实是dead
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Thanks for the note
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