Unclaimed Property News Roundup

by admin

Unclaimed Property Down Under — The Sydney Morning Herald is reporting that the Australian Securities and Investments Commission is holding A$ 636 million in unclaimed funds arising from forgotten bank accounts, unpaid life insurance benefits, and dormant securities payments.  More information can be found on ASIC’s website here.

Massachusetts Unclaimed Property AuctionBoston.com is reporting that the Massachusetts Unclaimed Property Division is going to hold an unclaimed property auction on eBay to sell tangible property the Division has collected, primarily from unclaimed safe deposit boxes.  A similar auction last year raised nearly half a million dollars for the Commonwealth.  Among the items up for auction are a $25,000 diamond necklace and a “broken Harry Potter wristwatch.”