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Millions of lost super in region

Have you checked your superannuation accounts lately?
Have you checked your superannuation accounts lately? Jay Cronan

EMERALD residents have more than $21.4 million in lost superannuation, the Australian Tax Office has reported.

The windfall is lying in 3244 lost accounts.

Moranbah townsfolk could lay claim to more than $15m, in limbo in about 1600 accounts, with an average value of more than $9000. In Blackwater, the lost super is $7.4m, $6.1m for Dysart and $5m for Clermont across 687 accounts.

Superannuation deputy commissioner Neil Olesen said reforms were making it easier for people to manage and keep track of their super.

As part of the reforms, the ATO's free search facility SuperSeeker was improved. "SuperSeeker can help people to not only find lost super, but move money sitting in inactive accounts to one fund and save on fees and charges," Mr Olesen said.


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