Residents have over $90k in unclaimed money

Central Goldfields Shire residents have over $90,000 worth of unclaimed money waiting to be collected, the State Revenue Office (SRO) has revealed.

The money comes from unclaimed entitlements such as rental bonds, long-lost wages and share dividends, which is held by the SRO if it’s not collected within 12 months.

Maryborough has the highest number of unclaimed entitlements across the shire with 729 at a total value of $62,665.

The shire’s single biggest entitlement is around $2200 for a Maryborough woman.

Two other Maryborough residents each have 18 entitlements recorded in their names for a combined value of about $2800.

Talbot had the second highest number of unclaimed entitlements with 78 valued at $6144.

Dunolly has 60 entitlements valued at $4714 followed by Carisbrook with 74 entitlements worth $4589 and Majorca, with 27 entitlements equalling $1650.

Senior partner at Maryborough’s International Taxation Services, Tony Vadala, said keeping a financial diary can help residents avoid losing track of their money.

There is no time limit to claiming held money and residents can search for any unclaimed entitlements at sro.vic.gov.au/unclaimedmoney.

For more on this story see Page 5 of The Advertiser, Friday, June 4

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