Millions In Unclaimed Money Waiting To Be Collected
New figures show that more than 800,000 Victorians have no idea they have an unexpected windfall of unclaimed money being held by the State Revenue Office (SRO).
Tens of millions of dollars are waiting to be claimed, ranging from $20 all the way up to the state’s single biggest entitlement of close to $200,000 for a Mont Albert woman, followed by more than $180,000 for a Mulgrave woman and $160,000 for a Dallas woman.
In regional Victoria, some of the biggest amounts include $60,000 for a Geelong man, $110,000 for a Trentham man and $50,000 for a Portland man.
The SRO holds records of money that remain unclaimed after 12 months. This includes share dividends, salaries and wages, rents and bonds, debentures and interest, and proceeds from sales.
Latest figures for Victoria show this equalled 809,413 individual entitlements for almost every suburb and town across the state.
In metropolitan Melbourne, the City of Melbourne leads with $18,422,247 (105,067 entitlements), followed by City of Monash ($7,062,947 for 29,406 entitlements) and City of Yarra ($5,880,693 for 42,469 entitlements).
In regional Victoria, the leading area is Ballarat with $2,038,509 (18,787 entitlements), Latrobe with $1,837,251 (7852 entitlements) and Baw Baw with $960,583 (8842 entitlements).
To search for your unclaimed money, visit sro.vic.gov.au/unclaimedmoney
Quotes attributable to Treasurer Tim Pallas
“These windfalls, some worth thousands of dollars, are just sitting here waiting to be collected.”
“I encourage all Victorians residents, businesses and community groups to visit the State Revenue Office online database and search for any amount recorded under their name.”
“The database is a quick and easy online search tool, so there is no need to involve a third party to track down your money.”