The introduction of lower thresholds for what constitutes an ‘inactive account’ – from seven years to three years – has allowed the Australian Securities and Investments Commission to commandeer more than $85 million in unclaimed money from Australian bank accounts linked to account holders overseas in 2013.

Account holders (including many Irish names linked to Aus$670K in unclaimed funds) can recover their money by contacting the regulator and proving ownership.

Full list of accounts here.

Unclaimed accounts windfall (The Age)

(H/T: Mark Geary)