Second Reading Speeches

Banking Amendment (Unclaimed Money) Bill 2013

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Amends the

Banking Act 1959
to: exempt reactivated accounts from being reported and transferred to the Commonwealth as unclaimed moneys; and allow the Treasurer to refund moneys to authorised deposit-taking institutions that are collected unnecessarily.

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