Apple No Longer Allows you to Update or Reinstall a Refunded App

According to Michael Simmons of Flexibits "The App Store no longer allows people who received a refund to reinstall or update the app" 

So IOS users, If you try to update you will be greeted with the following message: Update Unavailable with This Apple IDThis update is not available for this Apple ID either because it was bought by a different user or the item was refunded or cancelled.

It also looks like to be the case with Mac App Store applications too.