❓ Mr. Hyde asks about the handling of unclaimed bank account monies in WA, specifically if they return to WA consolidated revenue and how much has been received since 2008. The Treasurer responds that these monies are governed by Commonwealth legislation and managed by ASIC, so no funds are returned to WA.
AnsweredQoN 7370Legislative Assembly
QuestionView source ↗
In relation to unclaimed monies from bank accounts in Western Australia, I ask:
(a) are unclaimed monies in bank accounts based in Western Australia returned to consolidated revenue in Western Australia, and
(i) if so, how much money has the Government received from unclaimed monies each financial year since 2008?
(a) are unclaimed monies in bank accounts based in Western Australia returned to consolidated revenue in Western Australia, and
(i) if so, how much money has the Government received from unclaimed monies each financial year since 2008?
AnswerView source ↗
Answered
20 March 2012
Response time
19 days
(a) No. Unclaimed monies from bank accounts are governed by Commonwealth legislation and administered by the Australian Securities and Investment Commission.
(i) Not applicable
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(i) Not applicable
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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