Financial Accountability Act 2009

This section applies in relation to the accountable officer of a department that is responsible for administering an Act that—

establishes a fund; and

requires accounts for the fund to be kept as special purpose accounts of the department.

The accountable officer must establish the accounts (the special purpose accounts) necessary—

to account for contributions made to the fund, moneys paid from the fund and other transactions made in relation to the fund; and

to produce the financial statements and information mentioned in section 69(1)(b), to the extent the statements or information must include matters in relation to the fund.

To remove any doubt, it is declared that special purpose accounts are not, and do not form part of, departmental accounts.