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s 28

Payment of money into and from an official bank account

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Part 5Accounts and audit of Corporation

28 Payment of money into and from an official bank account

(1)

The Corporation shall pay all money received by it into an official ADI account established by the Treasurer under the Financial

Management Act 1995.

(2)

All payments by the Corporation shall be drawn on the official

ADI account referred to in subsection (1) but no such payment shall be made unless money sufficient for the payment stands to the credit of the account.

(3)

The Treasurer shall make such transactions as are necessary with the Corporation for the recording and processing of the receipts and payments of the Corporation in the official ADI account referred to in subsection (1).

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