Consultation on proposed changes to unclaimed money

Feedback is sought on proposals to more efficiently administer unclaimed money – proposals that would make it easier for people to claim money and reduce costs for unclaimed money holders.

Proposed changes include removing the need to maintain physical registers, reducing the period of time before money is deemed unclaimed and improving Inland Revenue’s ability to match unclaimed money with people.

For more information see the consultation document. Submissions close on 28 February 2020.