If your company head office is registered in South Australia or you do business in South Australia

In accordance with the Unclaimed Moneys Act 2021 a register must be maintained by your company for all amounts unclaimed over fifty dollars. After five years, if your company has not paid the unclaimed money to its rightful owner then the register of unclaimed money must be made available free of charge on the corporation website or on a website approved by the Treasurer.

Paying unclaimed moneys to the Treasurer

The company submits the unclaimed moneys to the Treasurer in January of the 7th year and, using the template register provided with the following information:

  • the name of the money’s rightful owner
  • their last known address to the company
  • date of birth (if known)
  • the amount owed to the rightful owner
  • the reason that the money is being held (eg dividends, unclaimed salaries etc).

More information provided means there is a better chance of repaying the rightful owner.

Other amounts

DTF also accepts other unclaimed moneys.  These are generally where the company is winding up and wants to pay over the unclaimed money before the 7 year time frame.  This is dealt with on a case-by-case basis and is at the discretion of Treasury.

Other money

Under the Act, moneys held by an individual must be paid to the Treasurer after being held for a period of one year.

A signed statutory declaration must accompany the payment of unclaimed moneys.

The statutory declaration must also include:

  • the name of the money’s rightful owner
  • their last known address to the company
  • date of birth (if known)
  • the amount owed to the rightful owner.

Making a payment

Please ensure you forward a covering letter that includes the background of the unclaimed moneys, a statutory declaration, the register of unclaimed moneys and a cheque or EFT to the value of amount unclaimed to Department of Treasury and Finance.

Email: unclaimedMonies02@sharedservices.sa.gov.au