Almost $700,000 of Melton and Moorabool residents’ money is being held by the State Revenue Office (SRO), which is encouraging people to go online to find out if they are among thousands of people with a claim in the pool.
The SRO holds records of money that remain unclaimed after 12 months including refunds, rents and bonds, share dividends, salaries and wages, debentures, interest and proceeds from sales. The majority of entitlements have been held by the SRO for less than 10 years. Statewide, the SRO has more than $109 million in unclaimed money.
For Melton, the SRO is holding $579,196 across 5007 entitlements, while Moorabool residents are owed $117,017 across 1014 entitlements.
The SRO has a record of 45,653 entitlements in the City of Melbourne worth $13,633,759 while one person last listed as living in Box Hill has $882,697 waiting to be claimed.
Across the state, there are some 678,000 entitlements waiting to be claimed.
In addition to unclaimed money, the SRO also holds all Tattersalls, Intralot and Tabcorp prizes, as well as TAB winnings, that have remained unclaimed for six months or more.
The highest unclaimed gaming entitlement is $2,136,327 from Tattersalls which was received in March 2016. To claim these winnings, you must supply your original ticket.
All Victorian businesses and trustees holding $20 or more in unclaimed money are reminded they must record and keep the money for at least 12 months, then lodge it with the SRO. Lodgements can be made via the SRO website.
State Treasurer Tim Pallas said he encourages Victorians to go online and conduct a search.
“This is money that belongs to citizens and we want it in their hands,” he said.
“If the SRO is holding unclaimed money in your name you’ll know within seconds, and the process for recovery is straight forward.”
To search for unclaimed money, visit the state revenue service website. You will need your name or company name, and the address that you believe the unclaimed money lodging organisation would have had on file.
Details: sro.vic.gov.au/unclaimedmoney
