New regulation for joint bank accounts between parents and children
Implement rules that if a parent has more than 1 child, all siblings have to sign and agree to a joint bank accounts between the parent and the chosen child. If other siblings are not aware of the joint bank account the account needs to be frozen and investigated to ensure an agreement was made.
Signatures
105
signatures
Government response threshold (10,000) · 105/10,000
Debate threshold (100,000) · 105/100,000
- 25 JAN 2026Petition closedFinal total: 105 signatures
- 25 JUL 2025Petition opened for signatures
Background
There have been instances where, after the passing of a parent, the child with joint ownership inherits everything in that shared account and does not share any with other siblings. I think joint accounts with parents need to be reviewed.