Claim your share of missing millions

Published 17th January, 2017 in Economy

One in 14 NSW residents could be one click away from claiming their share in more than $220 million of unclaimed money.

Australian money

Currently, the NSW Office of State Revenue (OSR) has more than 530,000 items valued at over $220 million being held in a dedicated trust account and waiting for collection.

Minister for Finance, Services and Property Dominic Perrottet said checking the OSR website for unclaimed amounts was quick, free and easy.

"If it’s your money, we want to reunite you with it, and doing a free search on OSR’s website couldn’t be easier,” Mr Perrottet said.

The OSR website allows searchers to view the name of the unclaimed money owner, the type and source of funds and, if available, the owner’s last known address.

In the last 12 months, the OSR has paid approximately 9000 claims worth almost $17.5 million.

Unclaimed funds are sent to OSR by private enterprises, government agencies, local councils, and State Trustees who have not been able to locate and return the money to the owners.

The Government is looking at other ways to reunite more people with their unclaimed money, with an in-store trial at Service NSW underway to show customers how to conduct a search.

If the trial is successful, it could expand across the Service NSW network.

To find out if you have any unclaimed money, visit the Office of State Revenue website.

Published 17th January, 2017 in Economy