Sydney (Press Release): NSW residents are being urged to check whether they are owed any unclaimed money, with new Revenue NSW figures released today revealing a whopping $152 million in ‘forgotten’ money is still yet to be
Revenue NSW holds close to 430,000 unclaimed items from deceased estates, share dividends, bonds,
overpayments and a range of other sources. They receive unclaimed money from government agencies, private companies, local councils, and State Trustees.
Minister for Finance, Services and Property Victor Dominello said the value ranges from $20 in share dividends to a trust fund worth more than $1 million.
“Cost of living is a major issue facing families and households across the State, which is why we want people to check their eligibility. It only takes a few minutes, but you could walk away with extra money in your pocket,” Mr Dominello said.
“Checking eligibility is simple and easy and can be done online via the free search tool on Revenue NSW’s website. Alternatively, people can visit any Service NSW centre and speak to a staff member who will conduct the online search.
“Residents are also encouraged to make appointments with Service NSW cost of living specialists, who will check a person’s eligibility for any unclaimed money and around 40 other Government rebates and incentives, including Active Kids vouchers, free rego for regular toll users and CTP refunds.”
The NSW Government holds this money indefinitely until it is claimed. It sits with Revenue NSW because the owners’ contact details are out of date and they’re hard to track down.
The following table lists the Sydney suburbs (north, south, east and west) with most unclaimed money:
|Suburb||Number of items to be claimed||Value of unclaimed money|
|North Sydney||4,031||$1.86 million|
For more information visit www.revenue.nsw.gov.au