Revenue NSW is holding $152 million of forgotten money with $427,700 of it assigned to Dubbo.
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The $427,700 is made up of 1968 “unclaimed items”, among 430,000 held by Revenue NSW from deceased estates, share dividends, bonds, overpayments and a range of other sources. It receives unclaimed money from government agencies, private companies, local government councils and state trustees.
Minister for Finance, Services and Property Victor Dominello said the value of the items ranged from $20 in share dividends to a trust fund worth more than $1 million.
He is encouraging recovery of lost money.
“Checking eligibility is simple and easy and can be done online via the free search tool on Revenue NSW’s website,” Mr Dominello said.
“Alternatively, people can visit any Service NSW centre and speak to a staff member who will conduct the online search.”
Mr Dominello said cost of living was a major issue facing families and households across the state, which was “why we want people to check their eligibility”.
“It only takes a few minutes, but you could walk away with extra money in your pocket,” he said.
“Residents are also encouraged to make appointments with Service NSW cost-of-living specialists, who will check a person’s eligibility for any unclaimed money and around 40 other government rebates and incentives, including Active Kids vouchers, free rego for regular toll users and CTP refunds.”
Revenue NSW holds forgotten money indefinitely or until it is claimed. It reports of holding the money because “owners’ contact details are out of date and they’re hard to track down”.
