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491 money in the bank question


Jem

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It doesn’t specify cash just resources available.  From the official gov website

 

How much money do I need to migrate to Melbourne?

The amount of money you will need to bring with you to migrate to Melbourne will depend on your individual circumstances and the type of visa you apply for. As part of your visa nomination application you will be required to provide a real estimate of the total funds you have available for migration purposes.

You do not need to provide evidence of financial resources at the time of application. However, this may be requested from you at any time during the nomination assessment.

Any evidence of financial resources should be complete and accurate. If you do not provide financial information when asked to do so, it may result in an unsuccessful application. We strongly encourage you to research the cost of living in Melbourne to ensure you have adequate funds to support your settlement.

Basically it is a requirement. They reserve the right to ask for evidence at any stage but only require a statement as part of the application process.

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