Public Finance and Audit Act 1987

The Treasurer, or a person to whom the Treasurer has delegated the

Treasurer's powers under this subsection, may establish and maintain a special deposit account for an approved purpose of, or relating to, a government department.

Money payable to the Crown in relation to an approved purpose must, at the direction of the Treasurer, be credited to a special deposit account opened for that purpose.

The Treasurer may credit any money appropriated or provided in accordance with law for an approved purpose to a special deposit account opened under this section for that purpose.

The Treasurer may, without Parliamentary appropriation, issue and apply any money standing to the credit of a special deposit account for the purpose for which that account was opened.

Any surplus of income over expenditure standing to the credit of a special deposit account must, at the direction of the Treasurer, be credited to the Consolidated Account.

Subject to this section special deposit accounts must be operated in accordance with the Treasurer's instructions.

The Treasurer, or a person to whom the Treasurer has delegated the

Treasurer's powers under this subsection, may approve a purpose of, or relating to, a government department for the purposes of this section and may vary or revoke such an approval at any time.

A reference in subsection (5)—

to income extends to income accrued but not received;

and

to expenditure extends to costs incurred but not paid.

In this section—

approved purpose means a purpose of, or relating to, a government department approved for the time being under subsection (7).