The man, who asked not be identified out of embarrassment, sold his sports car on Saturday afternoon and decided to store the cash temporarily in his oven. Australian money, MSN Now
explains, is made from plastic.The entire cash melted in the heat of the oven while his wife heated chicken nugget in it.
The man said he was forced to sell his sports car to pay bills because of a slow-down in the building industry that affected his metal roofing business, Ninemsn
The man laments that his family has been rendered penniless by the act of his wife turning on the oven to prepare chicken nuggets for the kids. According to TNT Magazine
, the family is now in dire financial straits and the family's water supply was cut off after failure to pay the water bills.
reports the man said, "It was everything I had." He added: "I've got nothing to my name. That money was supposed to go towards my mortgage. I had a call from Westpac on Tuesday asking me when I would pay because I missed a payment on Monday. I told them 'I'll pay tomorrow' but then the money was burnt.'"
The man said: "After a while it started to sink in, you've got kids, a mortgage, a family car to run and I'm thinking what am I going to do."
The man's distraught wife said she "could not stop crying" when she told her husband what had happened. She said: "I struggled to breathe, I said 'I burnt the money, I burnt the money.' I felt like I was going to faint."
The man took the cash to his bank to deposit it but the bank cashier at the Merrylands' Westpac branch refused to accept it. He pleaded with her: "I asked her to send it to the RBA, I told her 'please it's all I got' but she didn't want to."
But there is still hope for the family. When Ninemsn
contacted the spokesman for Westpac Merrylands, he offered an apology and said: "we will do whatever we can do within the guidelines."
According to Ninemsn
, the Reserve Bank of Australia has a policy on damaged and incomplete banknotes and advises people to take them to the bank. The RBA policy guidelines say: "If several pieces of the same banknote are presented, the Reserve Bank's policy is for each piece to be worth a share of the value in proportion to its size. The combined value paid should be the face value of the original banknote."
According to the RBA policy, "If less than 20 percent of the note is missing full face value is paid, but if between 20-80 percent of the note is missing value is paid in proportion with the percentage remaining. If more than 80 percent is missing no payment is made."