79A
CurrentHow money is to be kept
Part IIProvision of services to the dairy industry
Division 4Other provisions
79A How money is to be kept
(1)
Money in the Dairy Structural Adjustment Fund must:
(a)
until applied for the purposes of this Part; or
(b)
until invested under clause 79B;
be kept by the industry services body in an account or accounts with an Australian ADI separate from any account or accounts in which other money is kept.
(2)
In this clause:
Australian ADI means:
(a)
an ADI (authorised deposit‑taking institution) within the meaning of the Banking Act 1959; or
(b)
a person who carries on State banking within the meaning of paragraph 51(xiii) of the Constitution.
This Act’s bill:Explanatory memorandumSecond reading speech
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