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Millions waiting to be claimed

Millions of dollars including lottery winnings and share dividends remain unclaimed, the State Revenue Office says. Photo – Dylan Nolte, Unsplash

If you’re a landlord, have sold a property, or have bought a lottery ticket recently, double check you’re not among thousands who’ve forgotten to claim their earnings.

A pool of more than $109 million is currently being held by the State Revenue Office (SRO), including share dividends, proceeds from sales, Tattersalls prizes, and TAB winnings.

The SRO has a record of 45,653 entitlements in the City of Melbourne worth $13,633,759 while Stonnington ($7,516,798), Boroondara ($7,103,869) and Port Phillip ($5,620,411) are also home to many potential claimants.

In regional Victoria, Mornington Peninsula leads the way with $2.8 million followed by Yarra Ranges ($2 million) and Greater Geelong ($1.9 million). Across the state, there are some 678,000 entitlements waiting to be claimed.

The highest unclaimed gaming entitlement is $2,136,327 from Tattersalls which was received in March 2016. To claim these winnings, you must supply your original ticket.

In Moorabool Shire there are 1,014 unclaimed entitlements totalling $117,017, while the City of Melton has 5,007 entitlements totalling $579,196 yet to be claimed.

Treasurer Tim Pallas said Victorians could check if they have unclaimed money on the SRO website.

“I encourage Victorians to go online and conduct a search – this is money that belongs to citizens and we want it in their hands,” Mr Pallas said.

“If the SRO is holding unclaimed money in your name you’ll know within seconds, and the process for recovery is straight forward.”

To search for unclaimed money, visit sro.vic.gov.au/unclaimedmoney. You will need your name or company name, and the address that you believe the unclaimed money lodging organisation would have had on file.