How To Find Money In My Name

Print this page

Unclaimed money

In that location's some $1.5 billion of lost money to be claimed from bank accounts, shares, investments and life assurance policies. We explain how it becomes unclaimed and how to find out if you have lost money.

Why does ASIC hold unclaimed money?
How doh you find unclaimed money?
Other places to search for lost money

Wherefore does ASIC hold unclaimed money?

The 'unclaimed money' which ASIC administers is money in bank accounts and lifetime insurance policies which has not been touched OR claimed for a certain sum of money of time.

This can happen when people change address or go overseas and forget to update their details with a financial institution or caller. Or people may constitute unwitting there is money to which they have a rightful arrogate.

Trust accounts become unclaimed after 7 years if the account is resistless. Life assurance policies become unclaimed 7 years after the policy matures and is not claimed. Find out more more or less unclaimed money Laws.

Unclaimed money received by ASIC is transferred to the Commonwealth of Commonwealth of Australi Consolidated Revenue Investment company. ASIC maintains and publishes a database of unclaimed money records which helps people find and claim their lost money. The lawful owner can claim their money at any time – there is no time limit.

Interest is payable to the claimant on the unclaimed money held by ASIC since 1 July 2022. Find come out how interest is paid.

How do you find unclaimed money?

Determination unclaimed money is easy. Simply use the unclaimed money lookup on ASIC's Moneysmart website. If the name you are searching for has unclaimed money, you will see the details of how to make a claim.

If a private money search company approaches you to find money for you for a fee, remember that you can search unclaimed money free of charge on the Moneysmart web site.

Other places to search for forgotten money

In that respect are other processes for tracking and claiming lost superannuation, money held away state governments, and unsalaried payoff on these government websites:

Australian Taxation Office – Find lost retirement benefit by registering for the Australian Taxation Business office's online services on myGov.
State government – Find lost money from asleep estates, forfeited share dividends, salaries and reward, cheques, over-payments, proceeds of sales agreement and more than.
Services Australia - Check your bank account inside information are up to date to make sure you'Re getting the Medicare benefits you're entitled to.

Unclaimed money for institutions