unbankable money

Relevant money that has been received by an official of a Commonwealth entity or a minister, and cannot be deposited in banks in Australia, or in the place where the money was received. For example, banks in Australia do not accept foreign currency coinage.

Unbankable money, since it cannot be used as money, is treated as relevant property and can be used, managed or disposed of by the entity's accountable authority in accordance with the PGPA Rule and the entity's internal controls.

Related guidance: 

Last updated: 13 January 2016