Millions Of Dollars Waiting To Be Claimed

27 February 2016

More than 1.5 million Victorians are unaware that they are sitting on an unexpected windfall of unclaimed money.

Amounts range from $20 all the way up to the state’s single biggest entitlement of over $600,000, which is waiting to be claimed by two residents in Hawthorn.

Some of the biggest unclaimed regional entitlements include over $100,000 for a man in Trentham, almost $53,000 for a couple in the Kinglake area, and just over $49,000 for a man in Portland.

Melbourne was the municipality with the highest amount of entitlements, with almost $20 million in unclaimed money. Geelong topped the regions, with more than $3 million unclaimed.

The State Revenue Office holds records of money that remain unclaimed after 12 months.

Unclaimed money includes share dividends, salaries and wages, rents and bonds, debentures and interest, and proceeds from a sale.

As at 31 January 2016, this equalled over 1.5 million entitlements across Victoria. This does not include amounts less than $20 or those lodged with incomplete names and addresses.

Over the past five years, the highest amount claimed in Victoria was just over $1 million in 2011.

Other big amounts paid include nearly $200,000 in 2014 (one of 23,805 claims) and over $350,000 in 2015 (one of 19,743 claims).

To search for your unclaimed money, visit Link

Quotes attributable to the Treasurer Tim Pallas

“I encourage all Victorians, businesses and community groups to visit the State Revenue Office online database and search for any amount recorded under their name.”

“You just need to type your name and if the SRO is holding unclaimed money for you, you’ll know within seconds. If you find an unexpected windfall, just follow the prompts to start the recovery process.”

“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.”

Reviewed 19 August 2020

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