I am just wondering if anyone else has noticed something strange seems to be happening with our bonds.
I lodge bonds in bulk. We have to use a cheque because with a trust account we can not pay by credit card.
I lodged a cheque for some bonds last month. That cheque was presented at the bank on 7 th March but when I got the acknowledgements it showed we had lodged the bond on 21 March. The acknowledgement did not come through until 6 April. Does this means the money was somewhere else for two weeks. Two weeks interest on several million dollars would add up to a bit of money. Where does that interest money go? I wonder if it is going into some government servants pocket. I have absolutely no evidence this is the case but why the difference in dates?
What do the rest of you think.
I lodge bonds in bulk. We have to use a cheque because with a trust account we can not pay by credit card.
I lodged a cheque for some bonds last month. That cheque was presented at the bank on 7 th March but when I got the acknowledgements it showed we had lodged the bond on 21 March. The acknowledgement did not come through until 6 April. Does this means the money was somewhere else for two weeks. Two weeks interest on several million dollars would add up to a bit of money. Where does that interest money go? I wonder if it is going into some government servants pocket. I have absolutely no evidence this is the case but why the difference in dates?
What do the rest of you think.
Comment