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The transcript of Bruce Wilson's ABC interview is now available.
http://www.abc.net.au/7.30/content/2012/s3642322.htm
Polymer banknotes were issued in Australia from 1988. According to Wikipedia, these are waterproof.BRUCE WILSON:
He confessed at some stage, and he also showed me a package of money that he said... and I said to him, well he better dig it up and get it back into the bank. He showed me a package of money that had been destroyed. Obviously it had been in his garden or some such thing and, you know, got moist and destroyed the money.
http://en.wikipedia.org/wiki/Polymer_banknote