Under the Unclaimed Money Act 1971, entities (for example, financial institutions and insurance companies) transfer money not claimed after a prescribed length of time (usually 5 years) to IR. The funds are repaid to the entitled owner on proof of identity.
Unclaimed monies that are received or held by IR become unclaimable when there is no identifying information, the amount is less than $100 or the money is unclaimed after 25 years or more.
Last updated:
19 Nov 2025