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467 million reasons to check the unclaimed money register

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Image credit: Melissa Walker Horn

More than $467 million of unclaimed money is sitting with Revenue NSW ready to make its way into the hands of NSW citizens.

NSW Minister for Finance and Small Business Damien Tudehope acknowledged many families across the state were struggling financially due to the ongoing effects of the COVID-19 stay-at-home orders.  

“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. 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,” Mr Tudehope said. 

The forgotten money held by Revenue NSW includes share dividends, trust accounts, refunds, commissions, deceased estates and money from a range of other sources.

“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.” 

“There are also more than 255,000 unpresented cheques worth $108 million waiting to make their way to the proper accounts.”  

“Anyone can search for unclaimed money on the Revenue NSW website. It is a free service offered by the NSW Government to get money back into the hands of its owners.” 

The unclaimed money register holds money that has not made it to the correct owner for any number of reasons, including a change of address or name, misplaced paperwork or has simply been forgotten.

Revenue NSW periodically undertakes data matching activities and attempts to contact potential owners of new items received from enterprises. 

The unclaimed money register can be found here. https://www.revenue.nsw.gov.au/unclaimed-money/search

Top Sydney suburbs for unclaimed money as at 1 September 2021

SUBURB

NUMBER OF ITEMS

VALUE ($)

SYDNEY

23,288

14,616,327

NORTH SYDNEY

4,429

1,972,686

RANDWICK

3,563

1,784,616

CABRAMATTA

1,754

1,721,682

CHATSWOOD

3,545

1,720,521

PARRAMATTA

3,214

1,603,397

MOSMAN

4,786

1,535,058

BEXLEY

1,261

1,423,406

EARLWOOD

1,841

1,208,254

SURRY HILLS

3,311

1,152,670

MARRICKVILLE

2,745

1,054,778

  

Top regional suburbs for unclaimed money as at 1 September 2021 

SUBURB

NUMBER OF ITEMS

VALUE ($)

WOLLONGONG

2,386

742,777

ORANGE

2,027

708,025

NEWCASTLE

1,560

670,558

GOULBURN

1,081

601,134

TAMWORTH

1,640

594,545

PORT MACQUARIE

2,047

534,107

WARRAWONG

315

510,167

WAGGA WAGGA

1,769

441,238

DUBBO

2,138

434,547

BATHURST

1,205

429,663

 

NSW Government Media Release

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