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ASSET RECOVERY SERVICES

ASSET RECOVERY SERVICESASSET RECOVERY SERVICESASSET RECOVERY SERVICES

We proactively identify, trace and return unclaimed assets to rightful owners expediently and without stress! 

ICAA Member No. 83854

E:info@assetrecoveries.services

ASSET RECOVERY SERVICES

ASSET RECOVERY SERVICESASSET RECOVERY SERVICESASSET RECOVERY SERVICES

We proactively identify, trace and return unclaimed assets to rightful owners expediently and without stress! 

ICAA Member No. 83854

E:info@assetrecoveries.services

WHY HAVE I BEEN CONTACTED REGARDING FINANCIAL ASSETS THAT HAVE BEEN LOST?

At ASSET RECOVERY SERVICES, we take it upon ourselves to research and investigate financial assets that have been quarantined by various Public Trustees as unclaimed. We then reach out to individuals or organisations who are likely to be the rightful owners so we can assist in the assets recovery. We may have contacted you because we believe that lost assets may belong to you. In most cases it’s likely to be a nice surprise to learn that financial assets could be owed to you and you didn’t even know about it. 

WHAT IS A LOST AND UNCLAIMED MONEY FINANCIAL ASSET?

Individuals and organisations occasionally lose track of the financial assets they own, for example, bank accounts, shares, investments and life insurance policies. This may happen because of a change of address, a change of name, a change of employer, a move overseas and, sometimes, just plain oversight. Where this happens, and the financial institution or previous authority is unable to locate the owner of the asset, the asset is considered “lost”. In most cases, lost assets are quarantined to a Government trust account and remain there while it is “unclaimed”. What may interest you is that, if owners of this asset do not step forward, this asset may be then taken up as Government revenue. 

What makes this process even more difficult is that each State in Australia has separate laws relating to lost assets and various institutions responsible for lost assets unique to that State (with their own set of individual claiming rules and procedures). This can make this process very difficult as small mistakes can lead to a much more difficult return process later and may require months of assistance in order to complete the claim. Therefore, it’s always better to make sure that your claim is done right the first time.

MEDIA ARTICLES

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SBS News February 2023

You might have a share in unclaimed billions. Her

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Unclaimed Accounts Windfall

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SMH Article 2021

Australian states sitting on millions in unclaimed

WHO DO WE HELP

Individual

Corporate & Business

Corporate & Business

Corporate & Business

Corporate & Business

Corporate & Business

Government & Charity

Corporate & Business

Government & Charity

HOW ARE ASSETS RETURNED?

Our recovery experts specialise in finding unclaimed assets for Australian individuals and organisations who have lost track of their assets. We assist in first verifying the identity of the rightful owner(s) and then assist with the claims process by managing the documentation, preparation and submission of claims. 

IF I DON'T CHOOSE TO CLAIM THESE LOST ASSETS, WHAT HAPPENS THEN?

The answer is simple; the assets will stay (in many cases) in a Government trust account and will remain unclaimed. Then, depending on which authority holds the funds, the assets may be transferred into the Government’s consolidated revenue fund once a certain period of time has passed. 

HOW DO PEOPLE MISPLACE MILLIONS OF DOLLARS EVERY YEAR?

 Every day, people and businesses leave cash in financial institutions, insurance companies, and with Government authorities. It’s human nature to forget and even the best kept records can have gaps. As absurd as it sounds, it happens constantly. It is estimated that 1 in 3 individuals actually have financial assets owing to them without their knowledge. Most commonly, an asset is lost because of: 

Overseas Move


 Perhaps you forgot about a deposit? (It’s more common than you think.) Many people move overseas and forget to notify or change their details with their service providers. 

Oversight


People forget about their investments all the time. Maybe you invested in some shares when you were 20 and forgot all about them, this is quite common. 

Moved House


Perhaps you moved house and may have forgotten to update your new contact details to the relevant organisation and they were unable to contact you or your new address may not have been updated correctly.


TYPES OF LOST MONEY WAITING TO BE REUNITED WITH ITS OWNERS

$1.2 Billion Bank Accounts

$1.2 Billion Bank Accounts

$1.2 Billion Bank Accounts

$651 Million Shares

$1.2 Billion Bank Accounts

$1.2 Billion Bank Accounts

$84 Million Life Insurance

$1.2 Billion Bank Accounts

$84 Million Life Insurance

TESTIMONIALS - What people are saying

WHAT KEEPS US IN CHECK!

WHAT LAWS DO WE HAVE TO ABIDE BY?

ICAA - INSTITUTE OF CHARTERED ACCOUNTANTS

WHAT LAWS DO WE HAVE TO ABIDE BY?

There are many laws in place that protect you as a consumer and your lost assets. It is an offence under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to give false or misleading information or documentation. This means that we are bound by law to ensure that we undertake correct procedures. It also means that we are bound by law to promptly refund your funds into your preferred bank account or by cheque.

HOW DO WE STAY UP TO DATE?

ICAA - INSTITUTE OF CHARTERED ACCOUNTANTS

WHAT LAWS DO WE HAVE TO ABIDE BY?

We are trained through Create, they serve as a third party validating our claim as asset recovery professionals. We are frequently updated with industry information which keeps our knowledge and training relevant so you can be sure you are putting your trust in the hands of up-to-date industry experts. ​ 

ICAA - INSTITUTE OF CHARTERED ACCOUNTANTS

ICAA - INSTITUTE OF CHARTERED ACCOUNTANTS

ICAA - INSTITUTE OF CHARTERED ACCOUNTANTS

 CA ANZ promotes the Chartered Accountant (CA) designation and high ethical standards, delivers world-class services and life-long education to members and advocates for the public good. ICAA protects the reputation of the designation by ensuring members continue to comply with a code of ethics, backed by a robust discipline process. ICAA also monitor Chartered Accountants who offer services directly to the public. 

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Asset Recovery Services

Melbourne VIC 3000

E: info@assetrecoveries.services

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