NORTHERN EDITION Local and Independent. Not associated with any other publication in this area.
Phone: 1800 231 311.
‘The Local Paper’ is published by Local Media Pty Ltd
www.LocalPaper.com.au WEDNESDAY, MAY 27, 2020
WHAT NEXT FOR PRESTON MARKET? P3
CASH WAITING TO BE CLAIMED
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● Jason El Azar welcomes customers to return to his family’s Whittlesea takeaway food restaurant as COVID-19 restrictions begin to lift.
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■ A windfall of hundreds of millions of dollars is waiting to be claimed by Victorians in long-lost wages, rental bonds and share dividends. Latest data shows the State Revenue Office has more than a million unclaimed entitlements across Victoria, ranging from as little as $20 all the way up to $994,994. A man in East Ivanhoe has a whopping 70 entitlements in his name – for a total of $16,888. A Brighton East woman has an unclaimed entitlement of $412,610, while another in Ardeer in Melbourne’s west has $259,828 waiting for her. The unclaimed money is made up of share dividends, salaries and wages, rents and bonds, debentures and interest, and proceeds from sales that for whatever reason is not collected. After 12 months, the money is held by the SRO. Last financial year, the SRO reunited $16.6 million with its rightful owners through more than 18,000 entitlements – that’s 50 claims processed a day. There are currently 825,211 entitlements for Greater
“This is money that is just waiting for be collected by their rightful owners,” says Tim Pallas, Satte Treasurer. “We encourage all Victorians, businesses and community groups to do a search – you may be pleasantly surprised,” Mr Pallas said.
Kangaroo Ground Rd closed
● Tim Pallas Melbourne worth a total $123 million. That includes $284,951 in Eltham (2562 entitlements), and $578,609 in Doncaster (3168 entitlements). There is no time limit to claiming held money, which can be searched via sro.vic.gov.au/unclaimed money
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■ Kangaroo GroundWattle Glen Road remained closed in both directions between Kangaroo Ground-St Andrews Road and Main Hurstbridge Road yesterday (Tues.) following a serious collision late on Monday. Detours were put in place via Eltham or through Hurstbridge and Panton Hill. The detours added significant time to the journey. There was limited access for local traffic via Main Hurstbridge Rd only. This closure was under Victoria Police control.
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