InDaily InDaily

Support independent Journalism Donate Subscribe
Support independent journalism

Local

Clock ticking on unclaimed treasure languishing in Adelaide vaults

Local

Three prominent SA companies are eager to give away tens of thousands of dollars before it’s handed over to the State Government. A long list of people owed the money has just been published – find out if you’re on it.

Print article

Under a law that came into effect while South Australia was still a British colony, every company registered here must keep a list of all sums of cash, held in their possession for at least six years, that do not belong to them.

The lists are published each year and if the rightful owners of the money fail to claim it for a two further years after that, the Unclaimed Moneys Act of 1891 says, it’s handed over to the Government – at which stage you’ll have to take it up with the Treasurer.

Yesterday, South Australian oil and gas giant Beach Energy, along with construction materials supplier Adelaide Brighton Ltd and SA-based global electronics company Codan published their unclaimed sums lists on the Government Gazette.

Thousands of people and businesses appear on the list, having failed to claim their cash. Photo: Bension Siebert / InDaily

A spokesperson for Adelaide Brighton said that each listed package of cash is a would-be dividend payment, where the respective shareholder has not cashed their cheque.

A spokesperson for Beach explained that some shareholders go effectively missing by changing their address without notifying the company, making them difficult to track down and pay.

The sums on the list range from $10 to $4500, owed to both individuals and corporate entities from South Australia, interstate and overseas.

Among them:

You can check the full list, starting on page 15 of the Gazette below.

Make a comment View comment guidelines

Help our journalists uncover the facts

In times like these InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to donate to InDaily.

Donate here
Powered by PressPatron

More Local stories

Loading next article