Australia's unclaimed money

Could some be yours?

This infographic explains how people lose track of their money and how much unclaimed money is out there to be claimed.

2017 Unclaimed money part 12017 Unclaimed money part 2

Australia's unclaimed money - $1.1 billion dollars

Could some of it be yours?

Money waiting to be claimed

  • NSW: $380m ($319m Sydney, $14m Hunter, $1m Illawarra)
  • VIC: $197m ($170m Melbourne, $5m Barwon, $4m Goulburn Valley)
  • QLD: $112m ($58m Brisbane, $17m Gold Coast, $7m Far North)
  • WA:  $75m ($56m Perth, $4m South West, $2m South East)
  • ACT: $15m
  • SA: $35m ($28m Adelaide, $1m South East, $1m Outer Adelaide)
  • TAS: $9m ($6m Hobart, $2m Northern Tasmania)
  • NT: $8m ($4.5m Darwin)

(The total figure of $1.1 billion includes approx. $146m where the address is unknown and approx. $172m where the account holder is not in Australia. All figures have been rounded and are current as at December 2016.)

How do people lose track of their money?

  • Move often (hard to track)
  • Move overseas
  • They just forget

Types of lost money

  • Bank accounts - $617 million
  • Shares - $451 million
  • Life insurance - $81 million

Search on ASIC's MoneySmart to find unclaimed money.

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Last updated: 26 Apr 2017