Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Welcome surprise for owners of forgotten money

MEDIA RELEASE


30 January 2008


Welcome surprise for owners of forgotten money

Twelve thousand people may get a welcome surprise following publication on Inland Revenue's website of a list of owners of $11 million of unclaimed money.

Most of the unclaimed money comes from deposits left in banks and other financial institutions, and includes insurance proceeds, cheques or wages. Under the Unclaimed Monies Act 1971, funds left untouched for more than six years are required to be paid to Inland Revenue.

"It's the responsibility of the institution holding the funds to make every effort to locate the proper owner of the money," said Acting Deputy Commissioner, Business Development and Systems, Heather Daly.

''But sometimes, with people moving around and changing jobs, this proves difficult, and the money is transferred to Inland Revenue if it remains untouched for six years."

Inland Revenue has records detailing more than 100,000 cases of unclaimed money totalling more than $40 million dating back to 1973. The online records are for the period 2005-2007.

Unclaimed money does not include tax refunds.

The online list of 12,000 names can be found at:
http://www.ird.govt.nz/unclaimed-money/unclaimed-money-0.html

Anyone who believes they may be entitled to unclaimed money, should email unclaimed.monies@ird.govt.nz or write to

Unclaimed Monies
Inland Revenue
P O Box 38222
Wellington Mail Centre

People who wish to claim the money must forward their name, address, IRD number, and proof of identity (such as a copy of a birth certificate, driver's licence or passport) to the Inland Revenue postal address above.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election