2 ms·

What happens when you are in prison or a coma for over three years? Once you are back, do you have to go through the several-month-long process recovery process

• gregsq 13y ago
  There's no point but to utilise any reserves laying idle. There's essentially negative interest rates on a lot of these accounts. I don't have an Australian bank account, but someone I know who does discovered that her account pays no interest unless some transaction worth at least a dollar takes place once a month. With charges, this is negative. Better on the governments balance sheet rather than the banks. What are the savers doing with it anyway it seems.
  • brc 13y ago
    Surely you aren't serious? Better on the governments balance sheet than a private citizen? Really?
• jacques_chester 13y ago
  > What's the point of this legislation anyway? To improve the on-paper budgetary situation for the Commonwealth. That's it. The money seized goes, per the Constitution [1], into Consolidated Revenue in the first instance and that makes the books look better. For the same reason, they're now grabbing unclaimed superannuation accounts and requiring many businesses to pay tax monthly instead of quarterly. Most of the money will eventually get paid back out. But in the meantime it pumps up the forward estimates. If this were being done by the directors of a corporation, ASIC would be down at a courthouse right now pressing charges. [1] http://www.austlii.edu.au/au/legis/cth/consol_act/coaca430/s81.html http://www.austlii.edu.au/au/legis/cth/consol_act/coaca430/s...