Uncollected Funds in Australia 2025: How to Track Down Your Money

Every year, billions of dollars in uncollected funds sit idle in Australian banks, government agencies, and superannuation accounts. From forgotten bank balances to unclaimed insurance payouts, this lost money represents a hidden financial opportunity for everyday Aussies. The good news? Recent policy changes in 2025 have made it easier than ever to track down and reclaim what’s yours.

What Are Uncollected Funds?

Uncollected funds are amounts of money that belong to individuals or businesses but have not been claimed for a period of time. These can include:

• Inactive bank accounts (accounts with no transactions for seven years or more)
• Unclaimed superannuation (accounts with low balances or lost member details)
• Unpaid insurance payouts
• Unclaimed shares and dividends
• Government payments (such as tax refunds or benefits)

According to the Australian Securities and Investments Commission (ASIC), as of early 2025, over $1.5 billion in uncollected funds remains unclaimed across the country. For individuals, this could mean anything from a forgotten $50 in a childhood savings account to thousands in lost superannuation.

2025 Policy Updates: Making Reclaiming Easier

The Australian government and regulatory bodies have implemented several key updates this year to streamline the process of finding and reclaiming uncollected funds:

• Centralised Search Portals: The ASIC MoneySmart Unclaimed Money tool has integrated with ATO and state revenue portals, allowing users to search multiple databases with a single query.
• Reduced Dormancy Periods: In 2025, the dormancy period for inactive bank accounts was shortened from seven to five years, meaning more accounts are flagged and transferred to ASIC’s unclaimed money database sooner.
• Superannuation Auto-Consolidation: The ATO now automatically consolidates low-balance and inactive super accounts under $6,000, reducing the chance of your retirement savings slipping through the cracks.
• Improved Notification Requirements: Banks and insurers must now make “active efforts” to contact account holders before transferring money to unclaimed funds registers, including via SMS and email.

These changes are designed to make it harder for your money to go missing—and easier for you to find it if it does.

How to Track Down and Reclaim Your Uncollected Funds

Finding lost money isn’t just for the lucky few. Here’s a practical step-by-step approach to ensure nothing slips through the net:

1. Search the ASIC Unclaimed Money Database: Visit MoneySmart and enter your name (and any previous names or business entities). Don’t forget to check for deceased relatives whose estates you may be entitled to claim from.
2. Check the ATO for Lost Super: Use myGov to access your ATO-linked superannuation accounts. The 2025 auto-consolidation policy means you’re less likely to have multiple accounts, but it’s still worth confirming.
3. Look for Unclaimed Shares and Dividends: The ASX and share registries such as Computershare and Link Market Services can help you track down forgotten investments.
4. Contact State Revenue Offices: Each state has its own register for unclaimed money from deceased estates, old cheques, and refunds. For example, Revenue NSW or the State Revenue Office Victoria.
5. Update Your Details: If you move or change names, update your information with banks, insurers, super funds, and the ATO to prevent your money from becoming uncollected in the future.

Real-World Example: In March 2025, a Sydney resident discovered $4,200 in an old bank account after a routine ASIC search. Thanks to new notification laws, she received a text alert from her bank, prompting her to reclaim the funds with just a few clicks.

The Bigger Picture: Why This Matters

Uncollected funds aren’t just a personal issue—they’re a national one. When money sits unclaimed, it’s held in trust by ASIC or state governments, earning interest for the public purse rather than for you. On a household level, reclaiming your money can mean paying down debt, boosting your savings, or even taking a much-needed holiday.

With streamlined digital tools and new 2025 policies, there’s never been a better time to check if you’re owed a share of Australia’s $1.5 billion in uncollected funds. A five-minute search could make a real difference to your financial wellbeing.