Receipts and disbursements of statutory land managers
20 Receipts and disbursements of statutory land managers
All money received by a statutory land manager is to be deposited to the credit of an account established with any authorised deposit-taking institution in the name of the manager.
Each item of expenditure by or on behalf of the statutory land manager is to be authorised or confirmed for payment at a duly convened and constituted meeting of the manager by tabling and approval of a report by the treasurer of the manager relating to that item of expenditure.
Cheques drawn on the statutory land manager’s account are to be signed by one or more persons approved by the manager.
If an administrator of a statutory land manager has been appointed under the Act, cheques are to be signed by the administrator and one other person chosen by the administrator.
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