18
CurrentAuthorised deposit-taking institution accounts
Part 3Administration
Division 2Finances of the Trust
18 Authorised deposit-taking institution accounts
The Trust must open and maintain at least one account in an authorised deposit-taking institution in this State.
The Trust must pay any money received by it into the account referred to in subsection (1).
Payment of money into the account referred to in subsection (1) is taken to be a payment of money into the Fund.
The Trust must ensure that any money received or held by it on trust is paid into an account that does not contain any money of the Trust not held on trust.
This Act’s bill:Second reading speech
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