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UNCLAIMED MONEYS - LODGEMENTS

Lodge

Guidelines for companies holding unclaimed moneys

Register

Where a company is holding moneys, which have become unclaimed moneys under the Unclaimed Moneys Act it shall, on or before 31 January next, enter particulars of those unclaimed moneys into an alphabetical register. The company shall permit any person to inspect the register at its principal office during its normal hours of business.

The register should include -

• the full name and last known address of the owner on the books;
• the total amount owing to the owner;
• a description of the unclaimed moneys; and
• the date of the last claim for the moneys.

Notices

No later than 31 March in the next year, the company must publish a notice in a newspaper circulating in the ACT. The notice must state that the company holds unclaimed amounts for the previous year and explain how people can find out details of the amounts in order to claim them.

Lodgement

All moneys remaining unclaimed after one year from the date of publication of the notice must be paid to the Public Trustee within one month after the end of the year. The company is then relieved from further liability in respect to the moneys.

For further detail refer to the Unclaimed Moneys Act 1950 at http://www.legislation.act.gov.au

Lodgement Declaration

Lodgement spreadsheet for superannuation (Excel)

Lodgement spreadsheet for non-superannuation (Excel)

Information guide