Transfers between trust banking accounts—changes in directorate responsibilities

In force

(1)

This section applies if the Treasurer believes that it is necessary, because of changes in directorate responsibilities, to transfer an amount held in a directorate trust banking account (the first account) to a trust banking account of another directorate.

(2)

The Treasurer may, in writing, direct the responsible director‑general of the directorate that holds the first account to transfer the amount.

(3)

If a director‑general receives a direction under subsection (2), the director‑general must comply with it.

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51B Transfers between trust banking accounts—changes in directorate responsibilities