CREATE AUSTRALIA INFORMER

 CREATE AUSTRALIA INFORMER

                                                              
Did you know that under Australian law  all amounts exceeding $10 in an account, not accessed for six years, can be taken by Treasury as lost funds? its true and little known fact.       
                                            
The money can come from void or unpresented cheques, deposits, refunds, deceased estates, superannuation benefits, wages or salaries.  

Rightful owners have two years to claim.and the government eyes these funds greedly hoping to take them in Public revenue. Public revenue is that fund which many of us call the black hole or the government wastage account for short:)

This financial year, the Government has access to approximately $15.88 million for re-absorption into government revenue,  this money but it will go straight into  Government’s pockets if claimants don’t get to it first.

What do you think about the government only giving us 2 years to claim on our own money, for it then to be rolled over into government revenue?  They say they go to reasonable efforts, what are those reasonable efforts?

Do they have private investigator’s looking into these missing amounts in order to locate the rightful owners? Our guess is NO

Do they look outside there own State in order to find the rightful owners? Our guess is NO

So if you moved States, address, job, changed phone numbers – it would be a case of Too Bad for you.