Government grabs your cash

ASIC has reported that it has collected more than $360 million from 80,000 dormant bank accounts.

Government grabs your cash

Under the new ‘three-year rule’ the Australian Securities and Investments Commission (ASIC) has reported that it has collected more than $360 million from 80,000 dormant bank accounts. The Commission holds funds from such accounts with a balance of $500 or higher. The previous Labor Government, more than halved the status of ‘inactive’, meaning an account not accessed for three years would have its funds taken by ASIC.

Assistant Treasurer Senator Mathias Cormann is said to be considering changing the three-year limit to a five-year limit. The Australian Banking Association (ABA) is pushing for such a review, stating customers’ inconvenience is the main reason to keep the accounts open longer. Consumer group, Choice, sees the banks’ pressure on the Government differently, stating that consumers can claim lost funds, and it is revenue from the fees on accounts which the banks really wish to protect.

Read more from the ABC.
Read more from the SMH.

Opinion: Claim your lost cash

With banks set to lose fees, this was always going to be contentious legislation. But your money is not ‘stolen’, just in a different place. So how do you claim it back?

As Rachel reported in February, this legislation was rushed through, probably to bolster the Labor Government’s electoral chances. But consulting the ABA isn’t necessarily the best way to test the water. Naturally the ABA has the big banks’ interests at heart – and holding customers’ cash for an extra two years, merrily charging account services fees, is a bit of a no brainer. As stated above – the money is still YOURS to claim.

So here’s how to do it.

Visit the MoneySmart website and follow the prompts – taking note of the many ways of entering your name possibilities, whether family name, family name and initials and/or birth name. You can quickly see if your funds are there, and if so how to claim them back.

And as Rachel also mentioned, making sure you transact at least annually means this will never become a problem – ensuring that you and your cash will NOT be parted.

What about you? Have you lost your savings to ASIC? Have you tried to claim it? Did you get it back? Are the banks right and should this be pushed back to five years, not three?





    COMMENTS

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    unicorn
    11th Jun 2014
    10:12am
    We were unfortunately involved in such a rort. Damned big rip off
    Sen.Cit.90
    11th Jun 2014
    12:47pm
    Me too Many years ago by the Royal Bank of Scotland. Money paid in for me which I'd left for a (someday) UK holiday What a pain it was to get it back and transferred to Australia. NO ONE should have access to our bank accounts without authority; especially governments.
    Tom Tank
    11th Jun 2014
    10:17am
    What is confusing is the use of some of the words. To say the money is "taken" by ASIC could mean that money is lost forever.
    An simple explanation of what has occurred would be much appreciated.
    Adrianus
    11th Jun 2014
    4:02pm
    Tom, in 1959 the government of the day decided to relieve the banks and other financial institutions of money held in accounts which were inactive for 7 years. In December of 2012 the government changed the years to 3 years thereby creating a $670m windfall to help them balance the budget. most bank accounts don't have fees so there is really no ultruistic motive behind this money grab.
    MITZY
    11th Jun 2014
    5:13pm
    Frank: The government of the day in 1959 was the Menzies Liberal Government.
    In those days the banks were not money-grabbing villains as they are today. Seven years was the time-frame you had to keep your financial records and this rule applied equally to dormant moneys in accounts. Over time banks have become greedier and do charge fees on dormant accounts etc. Labour reduced the seven year rule to a three year rule in its last term of office. The banks were "up in arms" about this because it gave them 3.1/2 years less of fees and charges for their own pockets. The ATO now says you should keep your records for five years and Mathias Cormann the Liberal Finance Minister is considering upping the ante and changing the rule to five years in line with the ATO. Thus the current government will strive to appease the banks somewhat. In the SMH the ABA is stating, they feel for their customers, having to go to the trouble of getting their funds back from ASIC after ONLY 3 YEARS, no way does a bank ever "feel" for its customers, their sorrow is the loss of another 3.1/2 years more of fees they can charge on their customers.

    I only have one bank account (deeming account) which has 8 free withdrawals per month. Thereafter, various fee charges ranging from 60 cents to around $2.50 depending on what the fee is for the service provided kick in. In this day and age where we are expected to NOT VISIT THE BANK as much as possible, BUT USE INTERNET BANKING to pay our bills, buy our food etc, EIGHT FREE TRANSACTIONS PER MONTH are gobbled up in less than half a month. If you have less than $2,000 in this account the current interest rate is 0.01%, over $2,000 and up to $40,000 the deeming rate applies.
    People are their own worst enemies to find themselves in situations where their hard-earned savings end up with ASIC.

    The $670 million windfall is not a "help balance the budget windfall" whatsoever. This money will need to be given back to the rightful owners of it, with interest.
    MICK
    11th Jun 2014
    5:18pm
    Apparently account holders can get the money back but have to go through a process.
    Adrianus
    11th Jun 2014
    6:08pm
    Mitzy the interest you talk about is at the rate of inflation. so my money was earning more interest in the bank and there were no fees. Furthermore, why was it taken ?
    RosePerth
    12th Jun 2014
    8:56am
    Mitzy you need to look for another bank! I have a deeming account and it's unlimited transactions and is fee free. Also the interest paid is higher than my original bank.
    Adrianus
    12th Jun 2014
    11:06am
    Please be aware that the banks may have a 3 month turnaround. In my case I asked for a supervisor at ASIC who told me they last processed claims on Friday and did not have my claim even though I gave it to my bank manager 5 weeks ago.
    Wstaton
    12th Jun 2014
    11:23am
    Probably the banks are doing this deliberately as to make it seem as if it is the governments fault.

    I don't think I would want to stay with a bank who is doing this to advance their agenda.
    Jurassicgeek
    11th Jun 2014
    10:22am
    Why should they "move " it any way??? What business is of theirs? They took mine and all I had to do was go to the bank where they filled in a form and it was back inmy current account in a few days.... but Why do this in th efirst place??
    MICK
    11th Jun 2014
    5:21pm
    Just imagine you had croaked a number of years ago and had no family to pass it on to. The argument that it might be doing something in the economy (yeah right!!) could be used to justify this although bureaucrats should be made to go through a check list before acting. It appears that it is a case of you having to proves that you are not pushing up daisies rather than them having to prove you are. Sounds like a you show me yours and I'll show you mine thing.
    MICK
    11th Jun 2014
    5:21pm
    Just imagine you had croaked a number of years ago and had no family to pass it on to. The argument that it might be doing something in the economy (yeah right!!) could be used to justify this although bureaucrats should be made to go through a check list before acting. It appears that it is a case of you having to proves that you are not pushing up daisies rather than them having to prove you are. Sounds like a you show me yours and I'll show you mine thing.
    particolor
    11th Jun 2014
    5:29pm
    They have to pay these Independent Committee's Somehow !!
    Kato
    11th Jun 2014
    10:27am
    NO ONE Gov't or otherwise should have the right to take funds from anyone's bank account. it is called theft.
    Sen.Cit.90
    11th Jun 2014
    12:49pm
    Too right Kato; I agree.
    Wstaton
    11th Jun 2014
    1:19pm
    Sorry, the government passes laws to make their theft lawful.
    MICK
    11th Jun 2014
    5:22pm
    Theft is if you cannot get it back.....like taxation.
    particolor
    11th Jun 2014
    5:36pm
    And they should Suffer in the Damnation of Hell for Eternity !!.. .
    Keep Your Cotton Pickin Duck Pluckin fingers off My Cash !!
    unicorn
    11th Jun 2014
    11:12am
    Noy wrongTom Tank it is lost forever. Try getting it back! They say if it is left in an account & not being used for a certain time they have the right. Not my idea but in a way I can see it try getting it back an& good luck is all I can say.
    MITZY
    11th Jun 2014
    12:24pm
    Read Jurassicgeek above, its a simple process to get it back. I guess, however, they are earning interest on your money while they "pinch" it from dormant accounts. I wonder if they pay you interest on your money they have stolen when they give it back?
    Pass the Ductape
    11th Jun 2014
    3:19pm
    Pay interest? Not on your 'nellie' MITZY. However try getting your money out of the company which runs an ATM which doesn't actually pay out when you try to withdraw it - but debits your account anyway. 6 weeks wait to get it back!
    MITZY
    11th Jun 2014
    4:31pm
    Ductape: After I put my thought to paper about whether the ASIC would pay interest on the money once returned, I decided to look it up.
    Lo and behold YES, YES, YES, they do pay interest.
    unicorn
    11th Jun 2014
    11:14am
    Yes KATO BUT WHAT ELSE IS THIS GOVERNMEMT GOOD FOR ?
    SuzeB
    11th Jun 2014
    1:44pm
    THIS government didn't set up the current situation, Unicorn. Labor did. Anyway, Liberal are going to restore it to the previous situation. Besides, account holders can get the money back. Why let your accounts stay dormant anyway? Invest the money. Do something with it to ensure bank fees don't erode the funds.
    MICK
    11th Jun 2014
    5:24pm
    If you think that the Liberals are going to give it back then you might think that the Pope is not a catholic. I'll believe it when I see it and I think that this might be the 12th of never.
    MICK
    11th Jun 2014
    5:24pm
    If you think that the Liberals are going to give it back then you might think that the Pope is not a catholic. I'll believe it when I see it and I think that this might be the 12th of never.
    MITZY
    11th Jun 2014
    5:33pm
    SuzeB: LIBERAL MENZIES GOVERNMENT in power from 1949 to 1966. A Seven-Year Rule for dormant funds in bank accounts came into being in 1959 slap bang in the middle of the LIBS ruling the country. Labor (last term) reduced the seven year rule to "three-years" rule. This means that if you have $500 or more in dormant bank accounts for 3 years ASIC takes it but you get it back with interest once you claim it.
    Previously if you had that money dormant for 7 years ASIC/government took it just the same. However, under the 7-year rule the BANKS MADE MONEY ON YOUR MONEY, i.e. they could take fees and charges for 7 years. If you had a small amount such as $500 lying dormant for 7 years you would have nothing left at all.
    NOW, Mathias Cormann, Liberal Finance Minister, to appease the banks is considering increasing the three-years rule up to a "five-years" rule. This would be in line with the ATO rule of individuals/taxpayers keeping financial records for five years. So now the banks will eventually be able to charge fees for five years instead of three. I'd rather the government got the money temporarily after three years than the banks gauge out of it for five years. Anyhow, ASIC from time to time always advertises they are holding these funds and gives instructions how to get it back.
    You should click on the SMH article at the top of this YLC article and read it more thoroughly.
    There are a few posts on this site today above and below this one, blaming the Labor Government for the three-years rule, including Bling Bling below who thinks they created "a vile rip-off" - well it originated with Menzies Libs of 1959!!!
    particolor
    11th Jun 2014
    5:44pm
    MITZY.. Thanks for something We could Understand !!
    tia-maria
    11th Jun 2014
    6:41pm
    Sue B, Why should anyone need to take what they have in the bank and invest??? every one is entitle to leave what little they have in their bank accounts....And Yes the Labor did set this up???? did you see the opposition do anything about stopping it at the time????NO NO NO
    MITZY
    12th Jun 2014
    10:07am
    tia-maria:
    Labor did not set this up the Menzies Liberal Government set it up in 1959 and it was a seven-year rule. The Labor Government in its last term modified the time-frame to a "three"-years rule. Read my several comments on why and how it is better under the Labor rule than it will be if Mathias Cormann stoops to the bidding of the banks and increases it to a "five"-years rule.
    Polly Esther
    11th Jun 2014
    11:52am
    anybody who has more than enough money, and is whacking some into
    bank accounts and 'forgetting' about it therefore denying others the use of it deserve to lose it. But you can get it back. Simple really if you don't want the hassle, get off your bum and operate the account just once every three years. Not all that hard really, gee whiz.
    biddi
    11th Jun 2014
    1:19pm
    Flying doctor : with regard to your first sentence, you're off your head!
    "Denying others the use of it"????? Deserve to lose it????
    OMG. If you want some money, then SAVE some money of your own.
    Bling Bling
    11th Jun 2014
    12:05pm
    hey,guys no it's not lost forever you can claim it back because a friend was able to retrieve her account just a few months ago. Perhaps Lifechoices' can chase up the info and government dept. to go to. Also Labor was the party who put this vile rip off in place !!!!!!
    Bling Bling
    MICK
    11th Jun 2014
    5:25pm
    Yes. But lets not play politics with this as both sides are tarred with the same brush. The architect of this is the Liberal Menzies government and Labor has just shortened the time frame a bit. Don't trust either side of politics to fix this as I do not think either side will.
    MITZY
    11th Jun 2014
    5:53pm
    Mick: I think you pinched part of my rhetoric in reply to Tom Tank and Frank at 5.15p.m. as to the source of it in the beginning was the Menzies Government in 1959.
    I'm happy it got repeated, as I hate one government getting blamed for what another government did.
    If it is to remain in place, it is much better that the ASIC/GOVT. gets the funds temporarily sitting in those dormant accounts after three years and the banks only get 3 years of fees and charges at the same time. Prior to the three-years rule it was 7 years of the banks gorging people's funds from dormant accounts before the government temporarily seized it.
    The Liberal Government (Mathias Cormann, Finance Minister) is now considering increasing it to a five-years rule on advice from the ABA (Australian Banking Association) because, would you believe it, "the banks feel sorry for the account holders having their funds taken from their dormant accounts after three years!?
    Whenever, did a bank feel sorry for a customer?
    MICK
    11th Jun 2014
    6:58pm
    Sorry MITZY. It does seem like plagiarism.
    Adrianus
    17th Jun 2014
    4:31pm
    Bling Bling are you sure your friend got her money back?
    KSS
    11th Jun 2014
    12:24pm
    Interesting there is no indignant outrage expressed yet as to how the LABOR government pushed this through to the detriment of the 'pensioner' and their rainy day fund! Had this been from Mr Abbott you can just bet your 'missing-money' there would have been an eruption of venomous vitriol.
    biddi
    11th Jun 2014
    1:21pm
    Exactly.
    heyyou
    11th Jun 2014
    1:43pm
    Your money is yours or should be passed down to relations, not governments.
    Labor was wrong to pass such legislation, now lets see if the Liberals will right this wrong and rescind this legislation with as much vigor as they have shown with the carbon tax? DON'T HOLD YOUR BREATH!!!!
    MICK
    11th Jun 2014
    5:27pm
    A bit unfair KSS. Menzies (Liberal) was the instigator and Labor tightened the time frame from what I understand.
    Both sides are happy to steal your money.
    MITZY
    11th Jun 2014
    6:20pm
    KSS: Scroll back a few paces upwards and read a couple of my comments re this item. The current three-year rule introduced by Labor on dormant bank accounts decreased it from the previous seven years rule introduced by, THE MENZIES LIBERAL GOVERNMENT in 1959. The Menzies Government was in power from 1949 to 1966, so this took place slap bang in the middle of A LIBERAL GOVT.
    This is not just pensioner accounts, its anybody's account that is lying dormant. It could be grandparents accounts who are saving for their grandchildren's benefit. It could be parents who are saving for their children. These accounts are often commenced, for instance say $2000 or less and just left to accumulate interest.
    At least the governments of the day would always advertise that they had dormant funds in consolidated revenue and anyone who thought they had funds could contact them and retrieve them. A bank wouldn't tell you it was taking fees out and reducing your original balance.
    So, now, KSS, the Liberals and Abbott/Mathias Cormann, Finance Minister, based on pleading from the ABA (Australian Banking Association) is considering raising the three-year rule to "a five-years rule". Because the ABA feels sorry for its customers having their funds taken from their dormant bank accounts after three years instead of the original 7 years (since 1950) and 3 years since Labor reduced it in its last term in office.
    When did a bank feel sorry for its customers?? It feels sorry for itself, because it now only gets to take fees and charges from those dormant accounts for three years instead of the previous seven years. So, if Cormann ups the ante to five years, whoopey the banks get another two years to "gorge" dormant accounts and the government partly makes the banks "happy little chappies".

    I would prefer it remains as it is because it will never be rescinded. The banks get less and the government temporarily gets funds from dormant accounts a little earlier. At least if the government has the dormant funds, you get your funds back with interest and no fees.
    MICK
    11th Jun 2014
    6:59pm
    Did Labor not do anything for pensioners? You need to give the good with the bad to be fair.
    particolor
    11th Jun 2014
    7:52pm
    Mick.. I put My $900 in the Bank from Ruddy !! And now its all Gone in Fees and Charges ??...Do You think Tony might Reimburse it ?
    MITZY
    12th Jun 2014
    10:29am
    mick: In my opinion Labor has always done more for pensioners and low income families. However, there are obviously lots of people benefitting that shouldn't be if all the stories you read are true.
    I think the Labor party are a lot fairer to business than the Libs are to pensioners and low income families. The Coalition do some good things for pensioners and families at times, but certainly do more for private companies, big business, etc. and are therefore not fair all-round. The current budget "unfairness" is significantly leaning to who they favour percentage wise of income. Pensioners and low income earners are losing 5% of their sustenance and top end of town 0.03%.
    Wstaton
    12th Jun 2014
    10:57am
    MITZY,

    As far as I am concerned the NLP especially the libs as the nationals are just followers, have a total lack of social responsibility. They do cater for the better off more than the not so well off. Abbots PPL is a fine example whereas they nitpick on minor amounts like Venture parks having grants removed that support 100's of disadvantaged kids. One such park losing $200k where the cost of 4 well off PPL recipients get this for six months and the same would support this park for a year.

    What these near sighted lib idiots don't understand is that these kids with no-where to play will end up on the streets susceptible to dangerous forces that may end up making them delinquents. What happens then? Crime rate is up! Then the well off will be screaming for more police to maintain law and order costing much more than the amounts they are withdrawing.

    But guess what? It's the states that will have to bear the cost not the national government.

    This government is just like some companies (like Google and Apple in reverse) side shifting costs to make it appear that it is doing a good job and saving money.
    Annamaria
    11th Jun 2014
    12:32pm
    Unicorn. It was the labor government who brought this in, mate.
    Wstaton
    11th Jun 2014
    1:22pm
    Ha, yes but libs are against it because they didn't think of it firsts.
    MITZY
    11th Jun 2014
    4:29pm
    Annamaria/Wstaton:
    Sir Robert Menzies was our PM for the 2nd time from 1949 to 1966 and this "money grabbing" commenced in 1959 so therefore under a Liberal government.
    In the last Labor term they reduced the time-frame by more than half to 3 years before ASIC took funds from dormant accounts amounting to over $500. The ABA (Australian Banking Association) were up in arms about this, because Labor reduced by more than half, the time the banks had their hands on money in dormant accounts and were able to deduct their fees and charges, often reducing some saving accounts to NIL. Now, Mathias Cormann the Liberal Finance Minister is proposing to change this three year rule up to five years, thus "appeasing" the banks with whom this government has a "love affair", and therefore the use of your money once again for a longer period of time. Choice Magazine feels the Labor Government's ruling should be left in place.
    For grandparents who may have savings in special accounts to provide assistance to their grandchildren for their education or special circumstances etc. and who unfortunately die before giving it away to its intended purpose, could cause problems and delays of receipt to the intended recipients if this money ends up with ASIC.
    It would be better for all concerned if the whole three year rule was abolished and everybody took responsibility for moneys in their various accounts.
    I have no lost sleep over this rule as I only have one account and know where every cent I receive in my single pension goes!!!
    Wstaton
    11th Jun 2014
    5:06pm
    Thanks for the clarification mitzy.

    The only problem I have with doing away with the rule completely is the banks would be quite happy not to inform anyone that their accounts have been inactive for many years making it in a lot of cases the banks money in perpetuity or until the money runs out because of fees.

    If it was removed then a law should be passed that the Banks have to inform account holders and request a reply from the holders after x number of years inactivity. The only problem with this is if no reply is received. This then I think the money should be transferred through ASIC but still recoverable if the account holder has died and any moneys released to the estate. At least beneficiaries have the option of searching ASIC to see if their is any monies.
    MICK
    11th Jun 2014
    5:28pm
    Menzies (Liberal) was the instigator and Labor tightened the time frame from what I understand.
    Wstaton
    11th Jun 2014
    1:17pm
    We'll i guess the gov is hoping to keep all the accounts that people have forgotten about as well as earning interest off those who haven't but are abit tardy on reclaiming.

    A bit petty of the government really and a money grab.

    I guess all someone has to do is set up a yearly auto transfer to a account they do use of say $5 and that will fix it our even have a yearly paid bill paid automatically out of it.

    Also I am a bit puzzled about something I read that someone was putting in periodically money but the account still was made inactive. How was this, does it mean that only money taken out makes it active?
    MICK
    11th Jun 2014
    7:00pm
    Easy isn't it. All one has to do is be awake.

    11th Jun 2014
    1:19pm
    Being of sound mind...I spend
    Wstaton
    11th Jun 2014
    1:25pm
    But I thought you saved $300 a fortnight out of your pension Pixapd?
    Pass the Ductape
    11th Jun 2014
    3:30pm
    ...(chuckle)
    MICK
    11th Jun 2014
    5:28pm
    Well done. I can thank you for keeping our economy going PIXPD.
    particolor
    11th Jun 2014
    5:54pm
    Yes ?? That's what I thought ?? He must Bank it in Barbados ??
    particolor
    11th Jun 2014
    9:23pm
    Being of round body....I eat
    Adrianus
    11th Jun 2014
    1:33pm
    According to the government the main reason for separating people from their money was to reunite people with their money. This would be half believable if it where not for the fact that it is very hard to get it back. I have been trying to get my money back for over a month now. This money grab by Wayne Swan shows how desperate the government is.
    MICK
    11th Jun 2014
    5:35pm
    I had a bit of a running disagreement with Swan whilst he was the 'World's Greatest Treasure'. I informed him that the minerals boom was a boom and that China had a dangerous shadow banking system, both of which were going to see Australia's good times shrink. Swan responded by getting in front of the cameras and making statements about 'loonies' and the like. I have to say that I was spot on with the first issue and the second is still in play and yet to play out.
    I also alerted Swan to the treason which both sides of politics were pursuing in selling AUSTRALIAN FREEHOLD FARMING LAND TO FOREIGN GOVERNMENTS. His response was much the same. Sadly the media and neither side of politics acknowledges that farming land is not for sale in almost any country because YOU DO NOT SELL WHAT FEEDS YOUR PEOPLE.
    Einstein once stated "there are only 2 things infinite: the universe and human stupidity, but I am not sure about the universe". I often stop and think about that one. It tells a story.
    SuzeB
    11th Jun 2014
    1:51pm
    Even when I worked for a credit union years ago, this situation existed - although I think it was a 5-year limit until Labor changed it. As someone said, how hard is it to do something with the money that causes the account to be 'active'? As for small amounts, they're likely to be eroded by bank account administration fees.
    MICK
    11th Jun 2014
    5:36pm
    Menzies (Liberal) was the instigator and Labor tightened the time frame from what I understand.
    particolor
    11th Jun 2014
    6:06pm
    Its a wonder the Greedy Cows don't Still add fees after the amount in the Account is Exhausted ?? And then send You the Account for the Fees 10 Years later !!!
    Nightshade
    11th Jun 2014
    2:29pm
    I DON'T BELIEVE IT
    Braggarts for naught sounding off - is all.
    MY SON HAS AN ACCOUNT WITH aprox: $17.37 - the letters keep coming to say this is how much you have & this is the interest earned - this has been going on for years now & yet again last month.......
    Nightshade
    11th Jun 2014
    2:31pm
    It is probably the Australian Bureau of Statistics that have told them of this latest windfall & they believed them.
    ha, ha, ha, ha, ha,
    Nightshade
    11th Jun 2014
    2:50pm
    I don't believe it -
    BUT :-
    I bet they have put out this story so as to hide the true nature of our ALMOST/NEARLY/WON'T BE LONG & WE WILL BE OF - third world status.
    "Oh, look , we found a few million just laying around."
    I do not believe this story -
    It is not they have not lied & told us of their dastardly, bravado, evil deeds before.
    One dingdong worse than the other.
    What do you call a pack of dingdongs - ?
    Nightshade
    11th Jun 2014
    2:50pm
    I don't believe it -
    BUT :-
    I bet they have put out this story so as to hide the true nature of our ALMOST/NEARLY/WON'T BE LONG & WE WILL BE OF - third world status.
    "Oh, look , we found a few million just laying around."
    I do not believe this story -
    It is not they have not lied & told us of their dastardly, bravado, evil deeds before.
    One dingdong worse than the other.
    What do you call a pack of dingdongs - ?
    particolor
    11th Jun 2014
    6:00pm
    Nightshade.. A Peel of Dingdongs !... Also Men's Show and Tell Night at the Nudist Colony !!
    Oldie84
    11th Jun 2014
    2:38pm
    I don't know the exact situation but I agree that it is my money and no Government has a moral right to grab it. But if it is easy (?) to get back and they do not charge administration fees I can't see great problem. Banks charge you to keep your account and it whittles away over time. Anyway why would you have money and leave it in an account for years without doing anything.
    Wstaton
    11th Jun 2014
    3:12pm
    Could be putting it aside for their funeral expenses.
    Pass the Ductape
    11th Jun 2014
    3:25pm
    Right-on Wstaton.
    Adrianus
    11th Jun 2014
    3:55pm
    Oldie81, read my post above. There are many reasons why an account would be inactive for 3 years (from 1959 it was 7years). People don't just have 1 bank account. If anyone was hauled into the Tax Office for an audit they would expect you to have all the relevant paperwork going back 7 years. This is just plain theft. If Ned Kelly did this you would expect a gaol term or a shoot out. The bank says ASIC took my money. ASIC says no the bank gave it to us and we gave it to the Tax Office. I want to know where my money has gone and who apart from Wayne Swan is responsible.
    Kaye Fallick
    11th Jun 2014
    4:00pm
    Maybe this legislation is actually a good idea? But only if the banks are required to contact the custom - in writing - to say that the account is in daner of defaulting to ASIC after the 3-year period? So the customer is aware before funds are shifted and it stops fees being charged for longer than three years? Makes some kind of sense?
    Adrianus
    11th Jun 2014
    4:22pm
    It's only a good idea when it nets genuine unused accounts. There is $1B of peoples money listed on the ASIC site. Do a search with the word "union." Have a look at the amounts in those accounts that nobody is coming forward to claim. Ask yourself why.
    dippity
    11th Jun 2014
    5:15pm
    A lot of these accounts would be forgotten ones that people have left behind when moving on. I found that my ex husband has an account that he is unaware of and have told my kids of it...they can tell him about it if they choose. This has been happening for many years; I think the limit used to be 7 years when I first began checking it out, approx. 20 years ago. It's the same deal for superannuation accounts that have become inactive
    biddi
    11th Jun 2014
    6:14pm
    Yes, it must be incumbent on the banks to notify customers in writing of any
    looming grab by the government. Some savings make you feel more secure and 3 years goes in a flash. If you don't want to blow your savings/nest-egg, then
    one shouldn't be intimidated by a grab from anyone. They're after your money
    every which-way.
    MICK
    11th Jun 2014
    5:16pm
    Is it dementia? Is it Alzheimers? Is it too many bank accounts? Or is it plain bad management?
    Don't know but how the heck can you not make a transaction for 3 years??? Don't blame greedy governments. For all anyone knows the account owners could have passed on a decade ago. Whilst I do not condone governments for taking something else which does not belong to them I sort of understand the reasoning.
    Adrianus
    11th Jun 2014
    6:13pm
    Yes mick, but 5 years, not 3. In my case I had 34 accounts all with the same bank and just one of them was inactive.
    MICK
    11th Jun 2014
    7:11pm
    34 accounts Frank??? Hope you are not a terrorist (joke)?
    particolor
    11th Jun 2014
    8:01pm
    Yeah! Well their not getting the 4 Bucks I just found down the Back of the lounge ! Along with 10 Potatoe Chips and 6 Jaffa's !!
    biddi
    11th Jun 2014
    11:45pm
    Wouldn't be surprised if this site is being 'monitored' ....... paranoia?
    Better find another hiding possie for your 4 bucks and crisps.
    Young Simmo
    11th Jun 2014
    11:52pm
    Frank, 34 accounts? I didn't know there were that many houses of Ill Repute in town. Like Mick,,,,,,,,,,,,, Joke.
    biddi
    12th Jun 2014
    12:11am
    Frank : 34 accounts? You're having us on, right? That's hysterical! hahaha
    Young Simmo
    12th Jun 2014
    12:21am
    biddi, you have to consider all the possibilities.
    Frank might be a South African, with 6 wives and 28 kids.
    I know it sounds unlikely, but with the modern internet lifestyle anything is possible.
    Just imagine,,,,,, 6 wives and he would be toooooooooo tired in the morning to go to work, He, He,
    After 50 years of marriage , I know I am worn out.
    Adrianus
    12th Jun 2014
    9:11am
    Recently I went to the bank to close some accounts and open another account and the nice lady insisted I have another 2 accounts so I didn't pay any fees. One of those new accounts still has a zero balance and I will make sure it doesn't get to $500 lest it gets snatched by Joe Hockey.
    biddi
    12th Jun 2014
    10:43am
    Young Simmo ..... chuckle :)
    Now I get the picture. The government wants our savings to top up Frank's
    36 accounts. Busy boy.
    Wstaton
    12th Jun 2014
    11:09am
    That's a good idea Frank,

    Got $10,000 open up 20 accounts and put $499 in each. has to be managed carefully though and any interest siphoned off and put into another account until it reaches $449 and so on. Could end up with lots more in 50 years time. Maybe it would be easier the put the whole lot in one account and make a withdrawal and then redeposit it every couple of years (only needs to be a $1 mind you the bank may charge you $5 for the withdrawal.
    Adrianus
    15th Jun 2014
    12:21pm
    Oops, sorry that was a typo. shb 14 not 34.
    particolor
    15th Jun 2014
    3:58pm
    A Fraudulent Slip ??
    Adrianus
    16th Jun 2014
    11:37am
    I prefer Freudian. Anyway, my point is that it is very hard to close accounts these days because the bank staff have sales targets. Apparently they discovered that if a customer has 5 or more accounts there is next to no chance of that customer moving to another bank. Stay with me now. We know how much Swanny loves the banks and cherishes the idea of customers switching between banks. Therefor the closure of 80,000 bank accounts by Swanny was pure genius. Was he only pretending to be a fumbling, mistake ridden, unbalanced Bruce Springstien fan?
    particolor
    16th Jun 2014
    7:36pm
    Dancing in the DARK ??
    particolor
    11th Jun 2014
    8:18pm
    What's Next?? A house Search for Mattress Money ?...
    biddi
    11th Jun 2014
    9:12pm
    Please don't give Big Brother any more ideas.
    particolor
    11th Jun 2014
    9:20pm
    No !!! They will Stop Giving Me a Monthly Bank Deposit ..Which Mysteriously Disappears ???
    jimbo
    11th Jun 2014
    9:04pm
    I went to my bank 5 months ago to reclaim my money that the government had taken out and im still waiting,has anybody had the same problem?
    Jimbo
    particolor
    11th Jun 2014
    9:16pm
    Its like searching the Bermuda Triangle for the Mary Celeste in a Row Boat !!
    Adrianus
    12th Jun 2014
    11:41am
    jimbo. I am starting to get to the bottom of this ugly mess. Ask to speak with the unclaimed money section at your bank. Ask them how long their turnaround time is. In some cases it can be 5 months before they actually send the claim to ASIC. ASIC then have a turnaround time of 28 days, although they say in most cases the money is returned to your bank within 2 weeks. The bank then needs another 2 to 3 weeks to get it into your nominated account. Therefor all up it could take close to 7 months for you to get your money back. The banks are disgruntled about the government giving them no time to notify customers because the legislation was passed during December 2012 and the government wanted the money urgently and demanded it start rolling out January 2013. Both the Banks and ASIC are only just bedding down the systems to get the processes rolling smoothly and it is hotly political between the 2 parties. Looks and smells like another ill-conceived government plan like pink batts. Good luck, hope this helps Jimbo.
    Adrianus
    12th Jun 2014
    11:41am
    jimbo. I am starting to get to the bottom of this ugly mess. Ask to speak with the unclaimed money section at your bank. Ask them how long their turnaround time is. In some cases it can be 5 months before they actually send the claim to ASIC. ASIC then have a turnaround time of 28 days, although they say in most cases the money is returned to your bank within 2 weeks. The bank then needs another 2 to 3 weeks to get it into your nominated account. Therefor all up it could take close to 7 months for you to get your money back. The banks are disgruntled about the government giving them no time to notify customers because the legislation was passed during December 2012 and the government wanted the money urgently and demanded it start rolling out January 2013. Both the Banks and ASIC are only just bedding down the systems to get the processes rolling smoothly and it is hotly political between the 2 parties. Looks and smells like another ill-conceived government plan like pink batts. Good luck, hope this helps Jimbo.
    Young Simmo
    11th Jun 2014
    11:45pm
    BOY, I can't believe how many incredibly rich lucky people in here there are, that have enormous bank accounts that they haven't touched in 3 years.
    I was born 1940, probably had my first bank account around say, 1958.
    In the past 56 years I reckon the longest I would have gone without touching my account would be 2 months at the max.
    If you have so much money that you don't have to use your bank account for 3 years plus, you are a grizzling little cry baby.
    I really do think this whole story is a tonne of BULLDUST.
    I am also sure somebody will bring me up to speed on all this fantasy stuff. Go, Go, Go, Go.
    particolor
    12th Jun 2014
    11:19am
    BULLDUST Makes Good MUD PIES !!
    biddi
    12th Jun 2014
    1:13pm
    I think the banks would really like this business of us having to make a withdrawal from a savings account before 3 years are up. I make no apology for having one. It's called a Progress Saver with ANZ. To discourage one from withdrawing, one loses a whole month's interest by doing so. Now that's inevitable after 3 years. Wot to do?
    Oldie84
    12th Jun 2014
    4:44pm
    I am not quite sure you are right, biddy. I administer a similar account for our Rotary Club with BSA and it is 'transactions'. I get the 'bonus' rate for making a deposit at least once a month and no withdrawals. That means you operate your account, it's not dormant.
    biddi
    12th Jun 2014
    6:30pm
    Thankyou Oldie81. Yes, the bank takes $10/month to the account and therefore
    it is active and not dormant. I was under the impression one had to withdraw to keep it active - like you are 'still around'. Relief. Thanks again.
    unicorn
    12th Jun 2014
    4:18pm
    But surely Biddi you are still putting money into your special saver a/c I know I do and when it got to a certain amount I put most into a time management a/c and because it was still with the anz I did not lose the interest for the month
    biddi
    12th Jun 2014
    6:34pm
    Thanks, unicorn. Explanation above. The time management account sounds
    interesting and you didn't forfeit a month's interest. I feel better now! Will check that out.
    Not Senile Yet!
    12th Jun 2014
    11:49pm
    First they forced all the wages into the Bank System via electronic transfers (made it easier for the Employer & eliminated Cash Payroll Hoists).
    Now they access it if you fall asleep for two long or go on a long trip somewhere...yeah....what a joke!!!
    They knew that the majority of unused a/c's belonged to those who had passed away before closing them......so too did they know that the majority would never claim them back!
    Wasn't so much a tax grab as it was to re-circulate money held in limbo back into the economy!
    Agree with the 5yr time frame more than 3yrs.
    Disagree with the automatic grab......bank should make contact first....ie check address is current....try for a response to mail.
    It is our responsibility to keep bank updated with address etc.
    Adrianus
    13th Jun 2014
    7:51am
    Not Senile Yet! The new legislative change in December 2012 took many people by surprise. Particularly because the banks where given no time to send the money to Treasury therefor customers had no knowledge. In my case I was 2 days too late. Swan had his grubby hands on my money. Swan and Gillard needed it in a hurry so it could be included in their interim fiscal report. Many of us where confused with Swan doing a budget in January but now we know why.
    Young Simmo
    13th Jun 2014
    12:01am
    Not Senile Yet!
    I agree mate BUT, but when you look at our politicians regardless of whether Liberal, Labor, Green or Independent, they all come across as gutless money hungry failures in an overpaid job with a million perks and freebies.
    When they are rewarded on performance, we might have a smidgion of a chance of getting some intelligent,,,,,, Nar,,,, just double the pension and I will admire them.
    particolor
    13th Jun 2014
    8:51am
    Halve this ! Double that ! Move that over there ! Put that here ! Confiscate the Cigars ! No more overseas Juntas ! Give Pollies History lessons ! .....
    Sounds OK to Me Simmo !!..
    I see watcha mean..
    ThazzO K wimmee !!

    13th Jun 2014
    11:09am
    What filthy thieving swine raiding peoples bank accounts. Legislation should be passed immediately to stop this practise. That weed Swan changed things for this to happen if a bank account lay dormant for three years. Prior to that I think it was five or six years. However this plundering should stop now. I cannot believe this could happen. Now my meagre savings are going into a biscuit tin which I will bury. Bloody useless inefficient pampered pollies will never get it.
    particolor
    13th Jun 2014
    3:11pm
    I Agee How would the CrumbBags Like Me Rifling Through Their Wallets and Purses !!.
    I think it is entirely up to the Banks to Inform You if an account has Lain Idle for say 7 Years, And Nothing to do with SNOOPY & the Red Baron !! .. What else would the Pigs want to Root Out next ??.. Maybe a look through My Undies drawer to see if I've got 10 Quid hidden for a Rainy Day ?? .. Is nothing PRIVATE ?? And yes I had one this Morning !!!!
    Alexia_x
    13th Jun 2014
    5:08pm
    I am sure this is against all human rights and individual legal rights besides being a disguised robbery by unauthorized sources, what a crock!
    This government has to go!! and sooner better than later, these men and women (woman?) are just using their power to economically chastise people that do not deserve to be chastised, as they have saved their hard earned money for a purpose and got it legally, something this government has no idea of.
    What are we waiting for? Lets get rid of them, we are being punished by these asses!
    Mez
    16th Jun 2014
    12:10pm
    It was not THIS govt. but Swan and Gillard who made it 3 yrs instead of 5 yrs because they needed to bolster their fiscal report because they were spendthrifts and mismanaged the budget.
    I doubt whether Libs will ever change it back to 5 because are money grabbing because of Labour. Best to go with Clive Palmer, me thinks???
    Alexia_x
    13th Jun 2014
    5:13pm
    Why should we have to claim something that is legally ours and what took a number of hard work to obtain? Why should it be even touched by individuals that had nothing to do with getting it? And it is money that we paid taxes for and some are still paying taxes on the interest that that money has acquired through the years.

    This is a real travesty and I think it won't be the last of this goverment bright ideas to support their enormous salaries and perks!
    particolor
    13th Jun 2014
    5:38pm
    Robin Hood was a Boy Scout !!
    Young Simmo
    13th Jun 2014
    5:19pm
    Alexia-x, Have you just died your hair from blond to darkish brown or fall into a dark brown puddle. I really do believe Bill (Potatoe Head) Shorton's mob started this Govt robbing everybody else fiasco before the Libs got in..
    If anybody thinks I am being to hard on Alex let me know and I will tidy up my act.
    particolor
    13th Jun 2014
    5:36pm
    Simmo.. I'm not too sure on this fact. But I think it dates back to Hawke or before !! Dipping into Savings Interest !!... But as for Robbing the Poor to Pay the Rich ,I think that is just Endemic in Pollies ??.. .
    And I don't know why You keep Picking on Billy ? Honest John was a Champion at it too !!
    Wstaton
    13th Jun 2014
    5:53pm
    Don't you guys ever read all the comments here. It was Menzies who started this in 1959
    particolor
    13th Jun 2014
    6:08pm
    That's WHAT I THOUGHT !! But didn't want to say it on here For Fear of Being ATTACKED By the BRAIN WASHED !!.. AND..I did say (OR BEFORE !!"
    Young Simmo
    13th Jun 2014
    6:51pm
    Actually I new it was Menzies, I just wanted to test Wstaton and he pasted the test. I'm not sure what the prize is, but suspect it could be a new pencil sharpener.
    Also I don't read every single comment, I just want to get a grip on the general trend of things, then put my 2 bobs worth in to bring everybody up to date as I am always right, ask my Mrs.
    particolor
    13th Jun 2014
    7:08pm
    Yes! ,You See! Menzies had to have something else to Ship back to England besides all of our Butter and Lamb in 1959 !!..
    Adrianus
    17th Jun 2014
    4:26pm
    Poor old Menzies died 35 years ago didn't he?
    Radish
    14th Jun 2014
    8:45am
    For those with very short memories.

    It was LABOR who brought this all about.

    The current government is being fairer (I think) in wanting to extend it out to five years in lieu of three.

    The money is not stolen at all. You can get the money back.

    An attempt is made by the banks etc to contact the owner of the money before it is handed over. I think about three attempts are made.

    I personally see nothing wrong in this at all as what is the point of money just sitting there and probably in a lot of cases people have just "forgotten" they had the accounts and would be a good reminder for them. Some I would think are of deceased people and the banks have never been notified.

    People seem to go off "half cocked" about things at times.
    particolor
    14th Jun 2014
    4:14pm
    Someone on here seems to go off the Half Cockedest !!
    Radish
    14th Jun 2014
    7:07pm
    particolor I assume you are making that remark about me or have I misinterpreted.?
    Please let me know where I have gone wrong in my post as I am quite willing to be corrected if I have made an error.
    particolor
    14th Jun 2014
    7:17pm
    Radish... NO !! It is definitely NOT to You !!!
    Wstaton
    14th Jun 2014
    8:26pm
    Lets get this straight. It was Menzies who was a liberal who first brought this in and set it for 7 years. Labor reduced this to 3 years. Whether this was to make a grab for easy money is conjecture but in fact was really a piddling amount compared to the whole.

    Personally I think it is a good thing because it at least created a database out side the Banks that people could search for any lost money. You can bet that the Banks would not have created one. The Banks trying to contact the owners of the accounts is meaningless in a lot of cases if the holders are deceased and descendants of them don't know that an account existed. You can also bet that the banks would not take it any further if no reply was received.

    The reduction in the time before it is transferred to ASIC at least reduces the time that people can become aware that lost money is available. I see as only a good thing as it makes them aware sooner if they search the ASIC database.

    The Banks would like to keep the money for ever if they could.

    Their is so much publicity about this now that I see more and more descendants searching the database to check for money left in limbo. Live people should now be well aware that they should now manage any account that they access rarely.

    The banks say that they try to contact account holders. It would be interesting if any on this forum have been contacted.

    How this is managed by ASIC on claims for money that should have gone into a deceased estate is another thing and should be clarified.
    particolor
    14th Jun 2014
    9:03pm
    Wstaton..I always thought it was 7 years and Menzies, but Was not aware Labor Moved the Goal Posts !!..
    I had 106 Pound in My Bank in Sydney as a Kid, but an Uncle as a Minder or Guarantor or whatever You called them then ?? I never gave it a though until a few years back ! and I never checked either !.. I'll bet that has Vaporized now ?? He He !!
    particolor
    14th Jun 2014
    9:06pm
    PS..54 Years ago now !! Imagine the Pilfered Interest ??
    Wstaton
    14th Jun 2014
    9:11pm
    particular,

    This was started in 1959. The accounts were probably sent to your Uncles address and was probably held in his name on your behalf. Worth a search under his name in ASIC.
    Wstaton
    14th Jun 2014
    9:11pm
    particular,

    This was started in 1959. The accounts were probably sent to your Uncles address and was probably held in his name on your behalf. Worth a search under his name in ASIC.
    particolor
    15th Jun 2014
    9:51am
    It was roughly around them 1959-60 !! And if My Uncle is Still Kicking He would be 117 Years Old .. And Menzies Snuck off to the Sink Ports with it !!
    Adrianus
    15th Jun 2014
    12:17pm
    Particolor,
    Wstaton is probably correct as the banks stopped recognising pseudo trusts a long tome ago. Unless of course a trust deed exists.
    particolor
    15th Jun 2014
    3:48pm
    Thanks frank !! Its gone ??..And I forgot about it Long Ago !!
    Adrianus
    15th Jun 2014
    2:38pm
    The sudden change by Swan/Gillard could not have come at a worse time for the banks as they competed strongly for deposits. Ok, its only $670m not much but with Australia in danger of losing its AAA credit rating at the time it did not help. Particularly when $9b was also ripped out of our Reserve Bank.
    particolor
    15th Jun 2014
    4:02pm
    WANTED..
    Bonny and Swan..
    Big REWARD ...
    Adrianus
    15th Jun 2014
    4:26pm
    As it happened the banks were bailed out by some big contributions from the US, no thanks to Bonny and Swan. It seems I am on my own but I think Ozzi banks need to have strong profits.
    particolor
    15th Jun 2014
    5:23pm
    And they HAVENT ????..
    I can remember the Commonwealth Bank being Delighted with their 250 thousand Pound Profit in the Sixties !!.. If they got the Equivalent of that now, They would take the Bat and Ball off You and go Home !! ...
    Young Simmo
    15th Jun 2014
    5:34pm
    For my money ( pun intended), people who have bank accounts that they don't add to or withdraw from for 3 years, have miles too much money to start with.
    Good on the Govt for taking it and giving it to the pensioners that go to their bank acc every 2 or 3 weeks.
    That is why this pensioner is change his Mercedes for a Lamborghini this year.
    particolor
    15th Jun 2014
    5:42pm
    More like they Changed their FJ Holden for a FLINTSTONE MOBILE !!
    Young Simmo
    15th Jun 2014
    5:47pm
    Yeh particolor, when I put my order in, Lamborghini asked me what colour? I said the colour of the Bombers footy club and they said, " No, that is a prohibited colour ". So I will stick with my Merc this year.
    particolor
    15th Jun 2014
    6:28pm
    Yep !! I've heard Supplement Grey is a No Go colour ! Try Galah Pink !!
    Mez
    16th Jun 2014
    11:43am
    Yes I received the money from a closing account of mine with a bank cheque that I had found after several years.
    Mez
    16th Jun 2014
    11:48am
    I agree that peoples' private bank accounts belongs to them and that GOVERNMENTS ARE THIEVES IF THEY TAMPER WITH OUR BELONGINGS! HANDS OFF! Isn't it sufficient that the government is already eavesdropping into everybody's telephone conversations, texts and emails?
    particolor
    16th Jun 2014
    7:38pm
    Dunno ??? Ask WHOsy Bang Bang !!
    Adrianus
    18th Jun 2014
    11:27pm
    My emails and texts will be coded from now on. I thought my bank account was safe. The Government said they would guarantee it. The nurses gave me far too much morphine and I forgot it was there. You can imagine my shock horror to find Wayne Swan was behind the tampering.
    particolor
    19th Jun 2014
    8:41am
    Set a LARGE Rat Trap in Your Safety Deposit Box !!
    Radish
    16th Jun 2014
    1:41pm
    Some of the scaremongering is unbelievable.
    Surely most people use their accounts at some time or other to either draw out money or deposit.
    I cannot see it applying to many pensioners who dont have much money anyway.
    They do try and contact the owner of the account and quite frankly if the account has not been used for three years, five years or whatever, I would want a wakeup call that the money was there. Lots of people just forget they have the accounts.
    particolor
    16th Jun 2014
    7:43pm
    "Yes !" said Greenbottle.."Yes What ?" said Dr Percy Pimm....
    Ozetwo
    19th Jun 2014
    10:09am
    Please could everyone read the FACTS by Mitzy (which are correct) before commenting. You just might learn something before showing your ignorance.
    particolor
    19th Jun 2014
    10:20am
    Yes, and please desist from saying Negative things about Pontius Pilot or You will be dealt with in the Forum !!
    Adrianus
    19th Jun 2014
    12:00pm
    GEEZ!!! I just got an email from the bank. They said my money looks like being another 3 months away!!! ARGH!!!!
    particolor
    19th Jun 2014
    1:10pm
    What the whole Three and sixpence Half penny of it ??
    Adrianus
    19th Jun 2014
    4:14pm
    It is a little more than that. But is just another thing I have to remember parti. You know what its like. As soon as I forget about it they will rip it away!
    particolor
    19th Jun 2014
    4:56pm
    Frank and Others !! ..I don't believe it ??..
    I just turned on the Radio which was tuned to ABC News Station ( Parliament Today) and heard..The Phuror will be taking away the Apprentices tool Allowance $5.500 ,.. Because they buy Mag Wheels and Tattoos with it !?!?.... And we pay those Polly Galahs for that Stuff.??..
    I wonder why pensioners are losing their Allowances & put on CPI ? Because we are Playing on the Internet and Buying Food with it ??....SPARE ME !!!
    particolor
    19th Jun 2014
    4:59pm
    Hookey told the truth for once in His life !! "But there will be More!"..
    What's Next ??
    Wstaton
    19th Jun 2014
    5:01pm
    They probably found that one apprentice out of 20,000 did it and it justified stopping the lot.

    Well pollies 10 out of 200 pollies claimed going to a wedding so stop all perks.
    Radish
    19th Jun 2014
    5:09pm
    Frank, did you forget you had the money??
    particolor
    19th Jun 2014
    5:10pm
    Wstaton.. I couldn't believe My Bloody Ears !!!.... That Bloody Lying ABC ??.. But it was on Parliament Direct ??... I thought it was on the Comedy Station for a Minute ??
    Wstaton
    19th Jun 2014
    5:14pm
    Yep, the ABC put the lies in the pollies mouths while they were talking.
    Adrianus
    19th Jun 2014
    6:43pm
    I've got to say the tool allowance system put in place by the Howard Government was great. Apprentices had no choice but to buy tool of their trade and if they walked out on their apprenticeship their tools would vest to their Master. This stupid Labor party stuffed what was a great working benefit for apprentices. Businesses received extra sales as well. Labor turned it into another cash splash. That's what they do to buy votes. I cannot be baught. That's my problem.
    Adrianus
    19th Jun 2014
    6:55pm
    Radish I forgot then remembered then forgot again.
    particolor
    19th Jun 2014
    5:03pm
    Can I have that 60 Bucks up on the Header there ?? It'll pay 2/3rds of My fortnightly Power Bill Contribution to Origin Sparks !!
    Adrianus
    19th Jun 2014
    6:51pm
    Parti $585 per quarter is about half my power bill. I got a generator but now the fuel prices are set to rise. I cant seem to take a trick lately.
    particolor
    19th Jun 2014
    7:58pm
    SRREWTH !! Are You running a Lighthouse ?? I saw a Big Heap of Kero Heaters up the Dump the other Week ?? The Price of Kero is Dearer that Rum !!
    unicorn
    22nd Aug 2014
    7:50am
    So now they have millions of dollars why not let the so called co payments go NO ! Why niot Greedy Tony & Joe? GREED IS ALL I CAN THINK OF
    particolor
    22nd Aug 2014
    8:38am
    Never mind the Cackle !! Get on with the HEAVY LIFTING !!
    WORK ! WORK !! WORK !!! WORK !!!!..
    The Seven Wharfie"s ..Chant...


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