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 Statist looters: OZschwitz pensioners lose savings in government cash grab

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Statist looters: OZschwitz pensioners lose savings in government cash grab Vide
PostSubject: Statist looters: OZschwitz pensioners lose savings in government cash grab   Statist looters: OZschwitz pensioners lose savings in government cash grab Icon_minitimeMon Jun 09, 2014 8:29 pm
The federal government has bagged an unprecedented $360 million from household bank accounts since a controversial change to unclaimed money laws, figures from the Australian Securities and Investments Commission show.

Statist looters: OZschwitz pensioners lose savings in government cash grab Art-353-572336151-300x0

Pensioners and others saving for a rainy day have reported trying to access their savings only to discover their money had been seized by the government because it had been dormant for three years or more.

The government has collected more money from inactive bank accounts under the three-year rule than the total amount captured in the past five decades combined.

http://www.smh.com.au/federal-politics/political-news/pensioners-lose-savings-in-government-cash-grab-20140609-39t7p.html
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