Payments from territory banking account
37 Payments from territory banking account
Unless provided elsewhere under this Act or another territory law, an amount must not be paid out of the territory banking account except under an appropriation to a banking account of a territory entity.
Examples—provided elsewhere
1 this Act, s 38 and s 58
2 the Lifetime Care and Support (Catastrophic Injuries) Act 2014, s 80
3 the Public Sector Workers Compensation Fund Act 2018, s 14
4 the Territory Superannuation Provision Protection Act 2000, s 11
This section does not apply to an overdraft or credit facility for a territory authority approved under section 59 (5).
Also, an amount paid into the territory banking account by a territory entity that is paid in excess, may be transferred from the territory banking account to the banking account of the territory entity without appropriation.
This Act’s bill:Explanatory statement
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