The BTA was established on 1 December 1988 to administer compensation benefits paid under both the Compensation (Commonwealth Government Employees) Act 1971 and the SRC Act to beneficiaries that are under a legal disability. The vast majority of these are children under the age of 18 who have been awarded compensation following the death of a parent under compensable circumstances.
These monies are not available for other purposes of Comcare and are not recognised in the financial statements.
|Cash at Bank|
|Total amount held by Comcare at the beginning of the reporting period||1,179||1,863|
|Available for payment||1,720||2,113|
|Less:||Funds transferred to licensees||-||476|
|Available for payment||274||934|
|Total Value held by Comcare at the end of the reporting period||1,446||1,179|
The above values are estimated at fair value at the time when acquired.