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. Please consult the responsible agency for more information and to ascertain the level of compliance (if any) that may be required.