Business

$2 million waiting to be claimed in Ipswich

MORE than 4000 Ipswich people and businesses have more than $2 million just waiting for them to collect.

An ASIC spokeswoman said this year 4110 individuals or businesses in Ipswich have a total of $2,228,381.76 missing.

You may have unclaimed money if you:

  • Moved without leaving a forwarding address.
  • Haven't made a transaction on your cheque or savings account for more than seven years.
  • Stopped making payments on a life insurance policy.
  • Have noticed that regular dividend or interest cheques have stopped coming.
  • Were executor of a deceased estate.

ASIC today launched a national campaign to help re-unite Australians with their lost money.

ASIC's database of unclaimed money has risen to a record $677 million, an increase of more than $40 million from 2011.

Last year Australians recovered $56 million. This year, more than 33,000 parcels of money have been added to the database and are awaiting collection.

There are parcels of unclaimed money waiting to be recovered in all regions of Australia.

The largest parcels of unclaimed money in the Ipswich region include:

  • Ipswich: $75,820.69.
  • Esk: $38,531.86.
  • Raceview: $24,020.26.
  • Riverview: $23,121.03.
  • Riverview: $21,831.85.
  • Ipswich: $15,009.16.
  • Bellbird Park: $12,865.16.

"You might not know it yet, but you could have thousands of dollars sitting in an old bank account, shares, or a life insurance policy," ASIC commissioner Peter Kell said.

"Until you look, you'll never know if you or your family have unclaimed money."

Go to ASIC's MoneySmart website to find out. Click on the link to unclaimed money and type in your name. You can even search for family and friends. It's quick, easy and free.

If you find some money that you think might be yours, you will need to prove the money belongs to you or that you are the beneficiary. Information on how to make a claim is also available on the MoneySmart website.

Topics:  asic, unclaimed money


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