Inside is a whopping $150 million in unclaimed cash WA government Cash registers just waiting to be picked up.
The lost or forgotten funds found in the WA unclaimed money register include a single sum worth more than $900,000.
The total supply has skyrocketed in recent years, leading to the West Aussies being warned to check whether or not they are expecting a lucky break.
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And there are large, life-changing cash pools that could potentially find their way into the hands of their “rightful owners” soon.
An estate of a North Perth deceased worth nearly $916,000 has reportedly been unclaimed for nearly 30 years The Western Australian.
Second among the more than one million records in the registry is the $804,000 from a 2014 estate of Osborne Park.
Rounding out the top 3 is a trust worth more than $705,000.
The unclaimed money consists largely of driver and vehicle license refunds, dividend payments, utility refunds, rental deposit refunds and cash payments to deceased beneficiaries.
A state government spokesman urged Western Australians to check the register for their claims.
“We’re very keen to get that money back into the pockets of Western Australians,” they said.
The registry does not include unclaimed funds from pensions, life insurance, stale bank accounts, or cash from out-of-state organizations.
How to check if you are owed money
The Treasury has one online search function where you can enter a name, a neighborhood or an organization where the money is kept.
If there is a match, an amount will be displayed as well as where it came from.
As they claim
A valid claim for the money is required if a match is found via a registry search.
Claims to funds held by the Treasury can be processed through a claims function within the register, but you will need some details on hand including identification, proof of association and banking information.
Contact details of organizations or bodies outside the Treasury Department are listed next to the amount owed.
Why Treasury holds the money
Under the Unclaimed Money Act, cash held by an organization for six years without being successfully returned to the rightful owner is considered unclaimed.
WA organizations must submit their unclaimed funds to the Treasury Department.
The Treasury maintains the register to reunite unclaimed money with its rightful owner.
The register is updated annually and records are kept indefinitely until funds are successfully applied for.