You will be required to comply with this lodgement if your business holds any unclaimed money.
General unclaimed money is any amount of $20 or more that is legally payable to an owner but has not been paid for 12 months or longer (as of 1 March of that year). This includes:
- share dividends
- salaries and wages
- rent and bonds
- debenture and interest
- unpresented cheques
- trust money.
Principal and interest are treated as one sum.