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$4 Million Waiting To Be Claimed

25 April 2016

Thousands of people are unaware they are sitting on an unexpected windfall of unclaimed money in the City of Glen Eira.

Over $4 million is waiting to be claimed, ranging from $20 all the way up to Glen Eira’s single biggest entitlement of over $67,000 for a man in Carnegie, followed by $29,000 for a Murrumbeena man and almost $15,000 for a woman in Glen Huntly.

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, in the City of Glen Eira this equalled 42,303 individual entitlements for suburbs including Bentleigh, Elsternwick, McKinnon, Ormond and Caulfield. Across Victoria, there are over 1.5 million entitlements waiting to be claimed.

Carnegie leads with $635,744.40 (5336 entitlements), followed by Caulfield North ($623,522.80 for 6246 entitlements) and Bentleigh East ($425,063 for 6439 entitlements).

To search for your unclaimed money, visit sro.vic.gov.au/unclaimedmoneyExternal Link

Quotes attributable to Treasurer Tim Pallas

“I encourage all Glen Eira residents, 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 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 South Metropolitan Phillip Dalidakis

“Residents in Glen Eira have $.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

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