PERTH, Australia, March 12, 2025 – More than $190 million in unclaimed funds is currently held by the Western Australian government, and thousands of residents may be unaware they’re entitled to a portion of it.
millions Sit Unclaimed: Do you Have Money Waiting?
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A growing pot of unclaimed money in Western Australia-now totaling $190 million-could offer a financial boost to residents struggling with the cost of living.
- the amount of unclaimed money has risen 26 percent since 2023.
- Over 1.3 million records are currently held in the register.
- Claims can range from a few dollars to over $900,000.
- There’s no fee to search for or claim funds.
Q: What kind of money is sitting unclaimed in Western Australia?
A: The register holds a variety of funds, including uncashed checks, rental bond refunds, dividend payments, vehicle license refunds, and overpayments on utility bills. Its a surprisingly common situation-money people simply forget about.
A Legacy of Lost Funds
The Treasury’s register of unclaimed money has swelled in recent years, prompting officials to renew efforts to reunite citizens with their assets. The total amount held has increased by 26 percent as 2023, now reaching $190 million. The register contains more than 1.3 million individual records, with amounts varying widely-from a few dollars to substantial sums.
Recent Payouts and Ongoing Issues
In the last financial year, over 3,500 successful claims were made, returning over $10 million to Western Australians. However, officials note that many more remain unaware of their entitlements.
Australia appears higher than the per capita amount in New South Wales, where Revenue NSW holds around $300 million in unclaimed cash. However, Western Australia’s figures include funds registered to addresses in other states. Revenue NSW also holds an additional $394 million owed to addresses interstate, making it worthwhile to check that state’s register as well.
Q: How long does money remain unclaimed?
A: Funds are considered unclaimed after six years of inactivity.
Q: Is there a fee to claim unclaimed money?
A: No, there is no fee to search for or claim funds.
Do you think you might be owed money? Share your thoughts in the comments below!