Prosperity Refunds is a Refund Consulting Agency, based in Sydney. We act on behalf of our clients, both individuals and companies, to facilitate the return of unclaimed money, ensuring the process is as efficient and as easy as possible.
We may have contacted you because we have located funds, or assets that are likely to be owed to you, or a business that you represent. Prosperity Refunds, find missing funds and then investigate and locate the rightful owner. Once we have received positive proof of ownership, we offer a specialised service to reunite you with your missing money.
Our refund experts specialise in finding unclaimed funds for Australian individuals and companies. We proactively search for funds that have been lost and then locate and verify the identity of the rightful owner(s). We then work with the Government Departments, banks and holding authorities on behalf of our clients to assist with the claims process, ensuring we meet the unique documentation, preparation and submission of claims requirements, for the relevant agency or institution, ensuring the most seamless recovery possible.
Prosperity Refunds is a risk-free service. If we are not able to reclaim the funds or assets on your behalf, there is no fee for our service.
Individuals and companies occasionally lose track of the money 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 money, the money is considered “lost”. In most cases, lost money is transferred to a Government trust account and remains there while it is “unclaimed”. What may interest you is that, if owners of this money do not step forward, this money is then taken up as Government revenue. In most cases this is the inevitable fate for lost money unless the correct owner steps forward to claim their lost money.
What makes this process even more difficult is that each State in Australia has separate laws relating to lost funds and various institutions responsible for lost monies 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.
Individuals and companies occasionally lose track of the money, or assets that they own, such as bank accounts, shares, share dividends, local council bonds & deposits, utility refunds, rental bonds, investments, life insurance policies, inheritances, or lottery winnings. This may happen because of a change of address, name, or employer, lost cheques, unclaimed lottery winnings, rental bonds, council bonds, unknown deceased estates, a move overseas and sometimes, oversight.
Where the financial institution or previous authority is unable to locate the owner of the money and there is a period of no activity on the account/ investment, the money is considered “lost.” In most cases, lost money is transferred to a Government trust account, or holding authority and remains “unclaimed”. If the owners of this money do not step forward, the assets eventually becomes Government revenue.
Each State in Australia has separate laws relating to lost funds and various institutions responsible for lost monies, with their own set of individual claiming rules and procedures. This can make this process very difficult, small mistakes can lead to a frustrating, difficult, or unsuccessful return process and may require months of assistance, in order to complete the claim. Prosperity Refunds will ensure that your claim is done right the first time.
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. It is estimated that 1 in 3 individuals have money owing to them without their knowledge. Most commonly, money is lost because of:
Perhaps you moved house, or moved overseas and have forgotten to update your new contact details? This can make it impossible for the organisation to contact you, or your new address may have been recorded incorrectly.
Superannuation is easy to lose track of especially when you change jobs, employers will often automatically add you to their default super fund.
Cheques that have not been banked are easily lost and forgotten about. The funds allocated to cover the cheque will remain in an institutions bank account for a number of years and will be rolled to the relevant governing body after a period of time.
People change their name, due to marriage, divorce, or deed poll. Company names also change from time to time. If the individual or directors forget to update all authorities that hold assets or funds, the funds or assets can easily be lost.
Director - Client Refunds
Director – Client Refunds
We are trained through Create, they serve as a third party validating our claim as refund 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.
