Australian Politics Forum - Bank Error In your Favour

John Smith

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Re: Bank Error In your Favour - Hold One Million
Reply #15 - Apr 22^nd, 2014 at 9:08pm

NorthOfNorth wrote on Apr 22^nd, 2014 at 8:20pm:

Through a bank error your account is deposited one million dollars.

What do you do?

   You don't spend it.

   You don't spend the interest it earns.

   You don't use it as collateral for a loan.

   And... You don't inform the bank of the error.

Have you committed a crime?

withdraw the money, close the account and move to a nice private beach in the Phillipines .... $1millions buys you a lot of pinapples over there. Grin

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Prime Minister for Canyons

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Re: Bank Error In your Favour - Hold One Million
Reply #16 - Apr 22^nd, 2014 at 9:09pm

NorthOfNorth wrote on Apr 22^nd, 2014 at 9:08pm:

Prime Minister for Canyons wrote on Apr 22^nd, 2014 at 9:05pm:

NorthOfNorth wrote on Apr 22^nd, 2014 at 9:02pm:

Prime Minister for Canyons wrote on Apr 22^nd, 2014 at 8:57pm:

http://www.banks.com.au/news/bank-errors-in-your-favour/

Its not a case, but if you dont return it the banks would try and get its return and you'd be forced to give it back crime or not. If you ignore it would be a crime.

You don't intend to dispute the error nor challenge/resist a reversal when it is finally discovered.

However, six months has now passed and the money and the interest is still unspent and therefore is still recoverable by the bank at any time.

I think the problem with your hypothetical is no bank would let it go that long

Well, its my hypothetical and I say the bank has not discovered the error for six months so far.

Well then I'm adding and saying magic pixies are responsible.

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In a time of universal deceit — telling the truth is a revolutionary act.

No evidence whatsoever it can be attributed to George Orwell or Eric Arthur Blair (in fact the same guy)

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NorthOfNorth

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Re: Bank Error In your Favour - Hold One Million
Reply #17 - Apr 22^nd, 2014 at 9:09pm

ian wrote on Apr 22^nd, 2014 at 9:08pm:

Aussie wrote on Apr 22^nd, 2014 at 9:06pm:

ian wrote on Apr 22^nd, 2014 at 8:49pm:

Aussie wrote on Apr 22^nd, 2014 at 8:43pm:

[

How quickly must one inform the Bank, Mr Farian? If there is an obligation to inform, there surely must be a time limit.

Why? The question here hinges on whether or not you intended to keep the money in your account.

How about I have nil intention.

But thats not the premise of the OP.

I have not suggested an intention in the OP.

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Conviction is the art of being certain

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Aussie

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Re: Bank Error In your Favour - Hold One Million
Reply #18 - Apr 22^nd, 2014 at 9:09pm

ian wrote on Apr 22^nd, 2014 at 9:08pm:

Aussie wrote on Apr 22^nd, 2014 at 9:06pm:

ian wrote on Apr 22^nd, 2014 at 8:49pm:

Aussie wrote on Apr 22^nd, 2014 at 8:43pm:

[

How quickly must one inform the Bank, Mr Farian? If there is an obligation to inform, there surely must be a time limit.

Why? The question here hinges on whether or not you intended to keep the money in your account.

How about I have nil intention.

But thats not the premise of the OP.

I answered your Post.

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NorthOfNorth

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Re: Bank Error In your Favour - Hold One Million
Reply #19 - Apr 22^nd, 2014 at 9:11pm

John Smith wrote on Apr 22^nd, 2014 at 9:08pm:

NorthOfNorth wrote on Apr 22^nd, 2014 at 8:20pm:

Through a bank error your account is deposited one million dollars.

What do you do?

   You don't spend it.

   You don't spend the interest it earns.

   You don't use it as collateral for a loan.

   And... You don't inform the bank of the error.

Have you committed a crime?

withdraw the money, close the account and move to a nice private beach in the Phillipines .... $1millions buys you a lot of pinapples over there. Grin

Then you have committed a crime (or so you think). Go to jail. Go directly to jail... Do not finish your Harvey Wall Banger...

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Conviction is the art of being certain

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John Smith

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Re: Bank Error In your Favour - Hold One Million
Reply #20 - Apr 22^nd, 2014 at 9:12pm

NorthOfNorth wrote on Apr 22^nd, 2014 at 9:11pm:

John Smith wrote on Apr 22^nd, 2014 at 9:08pm:

NorthOfNorth wrote on Apr 22^nd, 2014 at 8:20pm:

Through a bank error your account is deposited one million dollars.

What do you do?

   You don't spend it.

   You don't spend the interest it earns.

   You don't use it as collateral for a loan.

   And... You don't inform the bank of the error.

Have you committed a crime?

withdraw the money, close the account and move to a nice private beach in the Phillipines .... $1millions buys you a lot of pinapples over there. Grin

Then you have committed a crime (or so you think). Go to jail. Go directly to jail... Do not finish your Harvey Wall Banger...

got to find you first .... Wink

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Aussie Gold Member Offline OzPolitic Posts: 38761 Gender:	Re: Bank Error In your Favour - Hold One Million Reply #21 - Apr 22^nd, 2014 at 9:12pm Quote: Well then I'm adding and saying magic pixies are responsible. Well, that's that then. My Tooth Fairies can spend it, and if they can't the Easter Bunny and Santa can fight for the left overs.
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NorthOfNorth

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Re: Bank Error In your Favour - Hold One Million
Reply #22 - Apr 22^nd, 2014 at 9:14pm

John Smith wrote on Apr 22^nd, 2014 at 9:12pm:

NorthOfNorth wrote on Apr 22^nd, 2014 at 9:11pm:

John Smith wrote on Apr 22^nd, 2014 at 9:08pm:

NorthOfNorth wrote on Apr 22^nd, 2014 at 8:20pm:

Through a bank error your account is deposited one million dollars.

What do you do?

   You don't spend it.

   You don't spend the interest it earns.

   You don't use it as collateral for a loan.

   And... You don't inform the bank of the error.

Have you committed a crime?

withdraw the money, close the account and move to a nice private beach in the Phillipines .... $1millions buys you a lot of pinapples over there. Grin

Then you have committed a crime (or so you think). Go to jail. Go directly to jail... Do not finish your Harvey Wall Banger...

got to find you first .... Wink

Yes! Good luck, Ronnie Biggs!

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Conviction is the art of being certain

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ian

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Re: Bank Error In your Favour - Hold One Million
Reply #23 - Apr 22^nd, 2014 at 9:22pm

Aussie wrote on Apr 22^nd, 2014 at 9:09pm:

ian wrote on Apr 22^nd, 2014 at 9:08pm:

Aussie wrote on Apr 22^nd, 2014 at 9:06pm:

ian wrote on Apr 22^nd, 2014 at 8:49pm:

Aussie wrote on Apr 22^nd, 2014 at 8:43pm:

[

How quickly must one inform the Bank, Mr Farian? If there is an obligation to inform, there surely must be a time limit.

Why? The question here hinges on whether or not you intended to keep the money in your account.

How about I have nil intention.

But thats not the premise of the OP.

I answered your Post.

I see. Of course there is no crime committed.

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ian

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Re: Bank Error In your Favour - Hold One Million
Reply #24 - Apr 22^nd, 2014 at 9:24pm

NorthOfNorth wrote on Apr 22^nd, 2014 at 9:09pm:

ian wrote on Apr 22^nd, 2014 at 9:08pm:

Aussie wrote on Apr 22^nd, 2014 at 9:06pm:

ian wrote on Apr 22^nd, 2014 at 8:49pm:

Aussie wrote on Apr 22^nd, 2014 at 8:43pm:

[

How quickly must one inform the Bank, Mr Farian? If there is an obligation to inform, there surely must be a time limit.

Why? The question here hinges on whether or not you intended to keep the money in your account.

How about I have nil intention.

But thats not the premise of the OP.

I have not suggested an intention in the OP.

sure you did. You dont inform the bank. Thats intent.

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NorthOfNorth

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Re: Bank Error In your Favour - Hold One Million
Reply #25 - Apr 22^nd, 2014 at 9:27pm

ian wrote on Apr 22^nd, 2014 at 9:22pm:

Aussie wrote on Apr 22^nd, 2014 at 9:09pm:

ian wrote on Apr 22^nd, 2014 at 9:08pm:

Aussie wrote on Apr 22^nd, 2014 at 9:06pm:

ian wrote on Apr 22^nd, 2014 at 8:49pm:

Aussie wrote on Apr 22^nd, 2014 at 8:43pm:

[

How quickly must one inform the Bank, Mr Farian? If there is an obligation to inform, there surely must be a time limit.

Why? The question here hinges on whether or not you intended to keep the money in your account.

How about I have nil intention.

But thats not the premise of the OP.

I answered your Post.

I see. Of course there is no crime committed.

If that was a facetious comment, then maybe you can provide a case precedent or the section of an act which proscribes nondisclosure for this omission.

No?

If there is no case successfully prosecuted and/or no act which proscribes it (and there may be) then that's the difference between a bit a bush lawyerin' and the real deal.

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Conviction is the art of being certain

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UnSubRocky

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Re: Bank Error In your Favour - Hold One Million
Reply #26 - Apr 22^nd, 2014 at 9:27pm

Money "once upon a time" showed up in my old bank account, totalling in the hundreds of thousands. It was promptly removed from my account by the bank, and I was told about it when I received my bank statement for the period. I felt that I was unjustly robbed of 10 years worth of pay, but I just accepted it as a bank error.

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At this stage...

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NorthOfNorth

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Re: Bank Error In your Favour - Hold One Million
Reply #27 - Apr 22^nd, 2014 at 9:29pm

ian wrote on Apr 22^nd, 2014 at 9:24pm:

NorthOfNorth wrote on Apr 22^nd, 2014 at 9:09pm:

ian wrote on Apr 22^nd, 2014 at 9:08pm:

Aussie wrote on Apr 22^nd, 2014 at 9:06pm:

ian wrote on Apr 22^nd, 2014 at 8:49pm:

Aussie wrote on Apr 22^nd, 2014 at 8:43pm:

[

How quickly must one inform the Bank, Mr Farian? If there is an obligation to inform, there surely must be a time limit.

Why? The question here hinges on whether or not you intended to keep the money in your account.

How about I have nil intention.

But thats not the premise of the OP.

I have not suggested an intention in the OP.

sure you did. You dont inform the bank. Thats intent.

And that 'intent' (such that it is) under these circumstances is proscribed where under Australian law?

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Conviction is the art of being certain

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ian

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Re: Bank Error In your Favour - Hold One Million
Reply #28 - Apr 22^nd, 2014 at 9:36pm

NorthOfNorth wrote on Apr 22^nd, 2014 at 9:27pm:

[
I see. Of course there is no crime committed.
If that was a facetious comment, then maybe you can provide a case precedent or the section of an act which proscribes nondisclosure for this omission.

No?

If there is no case successfully prosecuted and/or no act which proscribes it (and there may be) then that's the difference between a bit a bush lawyerin' and the real deal.

Your question was whether a crime had been committed , not whether it could be or has been successfully prosecuted. Im pretty sure that intent would have to be proved in order for a successful prosecution. The fact that you intended not to inform the bank and thereby to keep the money obviously means you have committed a crime. You dont have to use the money for other purposes, you just have to intend to keep it. The fact that you dont spend the money is largely irrelevant.

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NorthOfNorth

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Re: Bank Error In your Favour - Hold One Million
Reply #29 - Apr 22^nd, 2014 at 9:38pm

UnSubRocky wrote on Apr 22^nd, 2014 at 9:27pm:

Money "once upon a time" showed up in my old bank account, totalling in the hundreds of thousands. It was promptly removed from my account by the bank, and I was told about it when I received my bank statement for the period. I felt that I was unjustly robbed of 10 years worth of pay, but I just accepted it as a bank error.

Sad, if the bank flogged if it turned out your giddy old Aunty Mavis dropped it in there 2 days before she fell off the perch!

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Conviction is the art of being certain

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