Notification of Unclaimed Monies - Victoria

Service summary

All businesses will need to comply with this requirement, with the exception of Private Superannuation Schemes, which have federal requirements. Some types of monies are not covered by this state requirement, but have federal responsibilities, including:

  • unclaimed client accounts from banking institutions
  • unclaimed Life Insurance Policies that have matured
  • unclaimed Monies for companies that have been de-registered
  • unclaimed shares/acquisitions under the Corporations Act 2001 (Commonwealth).

By 31 March each year, if your business has unclaimed money, this money must be entered in the Unclaimed Moneys Register. Unclaimed money includes general unclaimed moneys and unclaimed superannuation benefits. General unclaimed monies includes, for example, share dividends, salaries and wages, rents and bonds, debentures and interest, un-presented cheques, trust moneys, and all sums of money $20 or greater that are at least 12 months old.

Service type

Advisory Material

Advisory material provides advice and guidance in undertaking a business.

Administering agency

Department of Treasury and Finance
State Revenue Office

Act(s) name

Unclaimed Money Act 2008 (Victoria)

Contact details

Unclaimed Money
Department of Treasury and Finance
State Revenue Office


Phone:

132161
unclaimedmoneys@sro.vic.gov.au

Website:

http://www.sro.vic.gov.au Opens in a new browser window

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.