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CBA To Refund Unclaimed Money From Expired Travel Money Cards

Commonwealth Bank of Australia (CBA) consumers who have not claimed funds left on expired Travel Money Cards within 12 months of the expiry will no longer forfeit the cash to the bank, following changes to the bank’s policy. The Australian Securities and Investments Commission (ASIC) revealed that the CBA had agreed to release $2.2 million Read more about CBA To Refund Unclaimed Money From Expired Travel Money Cards[…]

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ASIC Says It Was Unable To Return Unclaimed Money Last Year Because Of Policy Change Made By Bill Shorten

THE federal government agency meant to locate owners of $1.2 billion of “unclaimed” money no longer has time to do so because it has been overwhelmed by Bill Shorten’s decision to snatch more dormant dosh. Not so long ago Australian Securities and Investments Commission (ASIC) staff would congratulate each other for returning — at no Read more about ASIC Says It Was Unable To Return Unclaimed Money Last Year Because Of Policy Change Made By Bill Shorten[…]

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