Millions of dollars belonging to West Australians is sitting unclaimed with the Department of Treasury.
The pool of unclaimed money payable to Western Australians has grown by $16.3 million in the past financial year due to 120,000 unsettled transactions.
The full register now contains over 691,000 unclaimed amounts totalling more than $101 million.
Unclaimed amounts relate to transactions such as unpresented cheques associated with dividend payments, real estate transactions, or deceased estates where beneficiaries are unknown or cannot be located.
Last financial year, only 843 accounts worth around $1.74 million were paid out from the Register.
People seeking to claim money are required to present evidence to Treasury to verify claims, including an original, signed and witnessed statutory declaration, a form of identification (such as a driver's licence, passport or health care card), and proof of connection to the address in the database.
"There is no time limit to claim funds within the Register and anyone who can clearly establish a rightful claim will be paid regardless of how long it has been held," Treasurer Ben Wyatt said.
To search the Register of Unclaimed Money please visit http://www.treasury.wa.gov.au/unclaimedmoney
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