ASIC has been overwhelmed by the December 2012 decision to seize inactive bank accounts after three years, and the reversal back to seven years will not require ASIC to keep a register of unclaimed monies. Sydney, Australia – July 16, 2015 /PressCable/ ASIC, Australian Securities and Investments Commission is a Government agency that is responsible for returning “lost” money to Australian citizens. In 2014, it was unable to return any lost funds during 2013-2014. According to news.com.au “After the three-year rule was announced, ASIC had to redirect staff who had been locating owners.” Since ASICS does not have the man-power to supply this service to the Australian public any longer, it falls to the Unclaimed Money Refund Industry to fill in the gap. Myriam Borg , Founder of the unclaimed money refund industry in Australia and New Zealand and the creator of “ The Refund Consulting Program ” is the foremost authority on unclaimed money refund industry. Myriam had this...