Transfer of directorate banking account
34A Transfer of directorate banking account
If, in the Treasurer’s opinion, it is desirable, because of changes in directorate responsibilities, to transfer a directorate banking account from a directorate to another directorate, the Treasurer may, in writing, direct the responsible director‑general of the directorate that holds the account to arrange for it to be transferred to another directorate nominated in the direction.
A director‑general who receives a direction under subsection (1) must comply with the direction.
A directorate banking account transferred in accordance with a direction under subsection (1) becomes a directorate banking account of the directorate to which it is transferred.
This Act’s bill:Explanatory statement
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