Note 53. Advance from the Territory Banking Account — Territorial

 

2015
$’000

2014
$’000

Advance from the Territory Banking Account

350

300

Total Advance from the Territory Banking Account

350

300

This cash advance is for the purpose of funding the Goods and Services Tax (GST) cash outlay due to timing difference between the GST payment and receiving of refunds from the Australian Taxation Office.  Capital upgrades funds transferred to Calvary Public Hospital attracts GST, which is not appropriated.