Financial Management Act 1996

All public money is the property of the Territory.

If public money is received by a person other than for the purpose of making a payment in the course of their duties, the person must take reasonable steps to safeguard the money until it is paid into a banking account in accordance with this section.

Money must be paid into a directorate banking account of a directorate if the money is—

money that may be disbursed to the directorate as a consequence of an appropriation; or

a receipt relating to the operations of the directorate; or

a receipt relating to the sale or disposal of assets of the Territory held by the directorate.

All public money, except money payable into a directorate banking account, must be paid into the territory banking account.

The Treasurer may issue financial management guidelines regarding the banking of public money.