Thousands of people are unaware they are sitting on an unexpected windfall of unclaimed money in the regions of Warrnambool, Corangamite, Southern Grampians and Moyne.
A combined total of over $1.4 million is waiting to be claimed, ranging from $20 all the way up to the single biggest entitlement across the four local government areas of almost $24,000 for a woman in Cobden.
The State Revenue Office 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.
As at 31 January 2016, this equalled:
- City of Warrnambool with 9881 individual entitlements for $568,294.40 (biggest single entitlement of about $6300 for a small business owner in Warrnambool)
- Shire of Corangamite with 3636 individual entitlements for $301,047.80 (biggest single entitlement after the above Cobden resident is a Newfield man for $9300)
- Shire of Moyne with 3078 individual entitlements for $216,245.30 (biggest single entitlement of almost $5000 for a man in Cudgee)
- Shire of Southern Grampians with 4673 individual entitlements for $350,730.20 (biggest single entitlement of about $8300 for a woman in Dunkeld)
Across Victoria, there are over 1.5 million entitlements waiting to be claimed.
Quotes attributable to Treasurer Tim Pallas
“I encourage all residents, businesses and community groups in Warrnambool, Corangamite, the Southern Grampians and Moyne 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 we’re 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.”
Quotes attributable to Member for Western Victoria Gayle Tierney
“Residents in Warrnambool, Corangamite, Southern Grampians and Moyne have $1.4 million just waiting to be claimed, and I encourage everyone to search the database.”
“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