At 10:06 AM 17/04/2013, Tom Worthington wrote: >Australian banks are required to send the government any money in an >account which has not been used for three years. Had I not read the >email, my money would have disappeared. How much money is going to the >government because the unclaimed account notices look like Spam?
Although I agree that emails from banks are ignored regularly, and should be, I would be pointing out to your advisor a better way to communicate with clients and to clean up his grammar. The story about the unused accounts being handed over to the government has been out in the news for at least a month if not longer. You don't lose your money, it still belongs to you, and unlike in non-interest bearing accounts in a bank where account keeping fees often eat up the funds over time, you get interest from the government held funds. Just like the abandoned super accounts, I believe the policy establishes a 'lost money' register you can query if you suspect you may have forgotten an account. Jan Melbourne, Victoria, Australia [email protected] blog: http://janwhitaker.com/jansblog/ business: http://www.janwhitaker.com Our truest response to the irrationality of the world is to paint or sing or write, for only in such response do we find truth. ~Madeline L'Engle, writer _ __________________ _ _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
