Recent Feedback
I have been a signatory for my parents bank account for approx 8 years. In May 2011 the ANZ bank began withholding interest amounts from the account with ANZ bank as my tax file number was not registered with them. I visited my local branch and was advised my TFN was not relevant and an amount was reimbursed to the account. When I queried why all amounts had not been reimbursed I was told I would have to submit a tax return for amounts prior to the current tax year. I believe the error has been made by ANZ bank and it is therefore their responsibility to retrieve these monies and re-deposit them in to the account.
Optional Information: State/Territory: Victoria Already Tried: The bank in question
Good Evening,
No, the account is in my mother's name. She passed away 6 years ago and the bank advised at that time there was no need to change this.
Good Afternoon,
The total amount is $2481.
If, as you say, the money is being held in trust for her estate, why was 1 of the amounts reimbursed by the bank?
The person I spoke to at the bank told me the issue was purely related to MY TFN.
Nothing has happened regarding my mothers estate as my father is still alive. I was advised by the State Trustees that no action was required/would be taken regarding the estate until my father passes away.
Good Evening
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Will it be the responsibility of the bank to refund the money?
My father has been retired for 30+ years and I have no idea what his TFN is. How would I get this?
My father is in a nursing home with dementia and therefore unable to help me with any information.
Experience: BEc Dip Ed, Dip Law (SAB) MTax (UNSW)