UNCLAIMED MONEY OWED TO WESTERN AUSTRALIANS

Published: Tuesday, 27 November 2018 at 8:44:29 AM

Unclaimed money owed to Western Australians

Millions of dollars is still unclaimed within the Department of Treasury's Register of Unclaimed Money database and nearly $12.71 million added in the last financial year alone.

The Register of Unclaimed Money database has been updated for 2017-18.

 In 2017-18, Treasury received more than 54,000 new unclaimed money notifications totalling almost $12.71 million.

 Treasury receives unclaimed monies from Western Australian-based organisations in accordance with the Unclaimed Money Act 1990. The purpose of the Act is to protect the interests of people due monies that they may not be aware of or may have forgotten about.

 Last financial year, 1,290 accounts worth more than $1.32 million were paid out from the Register of Unclaimed Money database.

 There is no time limit on claims and anyone who can clearly establish a rightful claim will be paid their money, regardless of how long it has been held.

 The full register contains more than 575,000 unclaimed amounts and is available at http://www.treasury.wa.gov.au/unclaimedmoney

 People interested in claiming money will require documents to help Treasury verify claims including an original, signed and witnessed statutory declaration; a form of identification (such as a driver's licence, passport or health care card); and evidence of connection to the address in the database.

 Comments attributed to Treasurer Ben Wyatt:

 "I encourage everyone to check the register to see if they are entitled to any of the funds.

 "In the past 12 months, individual unclaimed amounts as large as $154,301 and $111,708 were added to the unclaimed money database.

 "This is a free service provided by Treasury and they will be only too happy to assist in re-uniting a Western Australian with their unclaimed money."

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