could this happern here...?

[Jace]

Dunno about this, but was reading yesterday that the Australian govt can legally confiscate money in accounts that have not been touched for 3 years, and that these confiscations have been netting hundreds of million of dollars of revenue in recent years.

You can demand the money is returned, however need to explain why you didn't touch the account for the time period. Dunno when this started, but plenty of people who had been saving money for a rainy day were all over the banks the next day making sure their accounts were still intact.