Find your missing cash
web Page reading time: 2 moments
What exactly is money that is unclaimed? Interest paid on unclaimed cash
Unclaimed money is cash from lost bank records, stocks, assets and life insurance coverage policies. This cash becomes lost once you move home and forget to upgrade a financial institution to your details or business.
Unclaimed cash gotten by ASIC is utilized in the Commonwealth of Australia Consolidated sales Fund. It really is offered to be reported whenever you want because of the rightful owner and there’s absolutely no time frame on claims.
Bank records become unclaimed after 7 years in the event that account is inactive (no deposits or withdrawals). Life insurance coverage policies become unclaimed 7 years following the policy matures and it is perhaps maybe not advertised.
Find out more about unclaimed cash laws and regulations regarding the ASIC site.
Interest is compensated on unclaimed cash, calculated from 1 2013 july. Learn more about just just how interest is compensated.
How exactly to claim your lost cash
In the event that you did an unclaimed cash search and discovered some funds, you ought to lodge a claim. Claim details are below for several types of missing cash:
Don’t find any lost money?
You are able to seek out other styles of unclaimed cash on other federal government sites:
- Australian Taxation workplace – look for lost superannuation by registering for the Australian Taxation Office’s online solutions via myGov.
- Local government – Re Re Search State internet sites for dead estates, lost share dividends, salaries and wages, cheques, over-payments, profits of purchase and much more.
- Fair Perform Ombudsman – Search the Fair Perform Ombudsman site for unpaid wages.
Just how to stop your cash from becoming unclaimed
Check out real methods for you to stop your cash from becoming unclaimed: