Revenue NSW is calling on people to claim their unclaimed money with over $467 million ready to make its way into the hands of NSW citizens.
Minister for Finance and Small Business, Damien Tudehope said the forgotten money held by Revenue NSW included share dividends, trust accounts, refunds, commissions, deceased estates and money from a range of other sources.
“We know many people are doing it tough, especially during the COVID-19 pandemic, with most households having to keep a close eye on their budget,” Mr Tudehope said.
“This is why I am encouraging people to check their eligibility on the Revenue NSW website to see if you are owed any money, you could have hundreds or thousands of dollars that you didn’t know about,” he said.
“The largest single amount held on the unclaimed money register is more than $1 million from a deceased estate in Cabramatta, while there are 10 amounts of more than $500,000 each, waiting to be collected by the rightful owners.”
Mr Tudehope said there were also more than 255,000 unpresented cheques worth $108 million waiting to make their way to the proper accounts.
The Minister said anyone could search for unclaimed money on the Revenue NSW website which offered a free service to get money back into the hands of its owners.
He said the unclaimed money register held money that hadn’t made it to the correct owner for a variety of reasons, including a change of address or name, misplaced paperwork or “has simply been forgotten”.
Revenue NSW’s unclaimed money register can be accessed at this PS News link.
