Note 23. Cash and Cash Equivalents

The Directorate holds a number of bank accounts, as part of the whole-of-government banking arrangements, with Westpac Banking Corporation and previously with the Commonwealth Bank. The Directorate received interest at the rate of 3.10% (3.45% in 2014).  These funds are able to be withdrawn upon request.

 

2015
$’000

2014
$’000

Cash on Hand

44

44

Cash at Bank

105,025

107,212

Total Cash and Cash Equivalents

105,069

107,256