More than $100million is sitting unclaimed in government coffers – here’s how to find out if you are one of the 740,000 owed money
- The Victorian State Revenue Office has $111 million worth of unclaimed money
- The case is from utility companies, local councils, real estate and lotteries
- Residents can search the state registry of unclaimed money to check for cash
The revenue authority of one Australian state is holding over $100million in cash waiting for residents to claim it.
Victoria’s State Revenue Office (SRO) is currently sitting on $111million worth of money from 740,000 potential claims from utility companies, local councils, real estate agents and lottery tickets.
The unclaimed cash belongs to residents across Victoria, with the City of Melbourne the place where the largest number of unknowing cash cows live.
Victoria’s State Revenue Office is holding $111 million worth of unclaimed money from utility companies, local councils, real estate agents and lottery tickets
There are 57,000 potential claims totalling $15.2million waiting to be made in Melbourne, averaging $266 per person, 7News reports.
The city of Monash comes in second for most unclaimed funds with a total of $7million.
Boroondara residents are sitting on $6.7million while people in Whitehorse have left $4.8million unclaimed.
Another 24,700 claims are waiting to be made in the Greater Geelong region, averaging $120 a piece.
To check if you have any forgotten funds visit Victoria’s SRO website and enter your name and address
The SRO creates records for unclaimed money – a minimum of $20 – after it has sat for more than 12 months.
The money comes from share dividends, salaries and wages, rents and bonds, interest, and proceeds from sale, as well as unclaimed prizes from Tattersalls, Intralot, and Tabcorp.
One lucky winner from Tattersalls in March 2016 has left $2,136,327 unclaimed.
Claimants from a lottery or TAB ticket must supply their original winning ticket.
To check if you have any forgotten funds visit the SRO website and enter your name and address.
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