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.