Archives Tag: Dormant Account Balances
The Federal Government Wants to Borrow Funds from Dormant Account Balances and Unclaimed Dividends
April 19, 2022
The Federal Government can now borrow funds from dormant bank account balances and unclaimed dividends to finance its projects. That’s according to the Finance Act 2020, which was signed into law in January 2020. These retrievals will go to the Unclaimed Funds Trust Fund, and will be held as a debt owed by the government … Continue reading The Federal Government Wants to Borrow Funds from Dormant Account Balances and Unclaimed Dividends
