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In Australia they changed inactive bank accounts from 7 years to 3 years and had to change it back to 7 years and 3 was way too short. https://asic.gov.au/regu
by Gustomaximus 6y ago
In Australia they changed inactive bank accounts from 7 years to 3 years and had to change it back to 7 years and 3 was way too short.
https://asic.gov.au/regulatory-resources/financial-services/unclaimed-money/changes-to-the-commonwealth-unclaimed-money-laws/ https://asic.gov.au/regulatory-resources/financial-services/...
- WalterBright 6y agoI have one fund I invested in 25 years ago and have had no communication with them for 20 years. They just send me 1099s and I pay the taxes.