Financial Management Act 1995

(a) an Operating Account for each Government Business Division for which the Agency is responsible; and

(b) an Agency Operating Account for all other functions of the Agency.

Note for subsection (1)

The definition of Operating Account in section 3(1) includes each of the NHFP accounts. However, a reference to an Operating Account established under this Act is a reference to an account established under subsection (1).

(2) There must be paid into an Operating Account the following to the extent applicable to that Operating Account:

(a) payments from the Central Holding Authority in respect of the functions for which the Agency is responsible;

(b) for an Operating Account for a Government Business Division – all receipts of the Government Business Division;

(c) for an NHFP account – all receipts for the NHFP account including payments from the Commonwealth under the National Health Reform Agreement;

(d) other categories of receipts as are from time to time agreed by the Treasurer and the Minister and specified in the Treasurer's Directions issued under section 38.

(3) An amount of expenditure incurred may be paid from an Operating Account as follows:

(a) for an Operating Account established under this Act – by the Accountable Officer of the Agency that performs the functions for which the Operating Account exists;

(4) Subject to this Act and any other law of the Territory, if the Treasurer is satisfied at any time that there is available in an Agency Operating Account established under this Act a credit balance in excess of the amount reasonably required, the Treasurer may transfer the whole or a part of the excess from the Operating Account to the Central Holding Authority.

(5) The Accountable Officer of an Agency must keep in relation to his or her Operating Account established under this Act the accounts that are specified in the Treasurer's Directions.