Interest earned last year, banked this year - when to claim?

Hi all

I paid a 5% deposit on a property around May this year. The real estate agent opened an account in my name and the vendor's name, and held the deposit until settlement. I was provided with a bank cheque for 50% of the interest earned on the deposit a few days before the financial year. I am yet to bank the cheque, I should get around to it this week.

2 questions:

1. Do I report this interest in my tax return for the financial year ended 30 June 2010 ie: the year in which it was derived, or should I be claiming it in next year's return (ie the year in which I bank the cheque)?

2. I assume I would just report it was interest income in the main part of hte tax return?

Thanks!
 
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