Authorized depositors
17 Authorized depositors
The Association may accept money on deposit from the following authorized depositors—
S. 17(a) amended by No. 12/1989 (Sch. 2 item 82.10).
any council which is a member of the Association; and
any body constituted—
S. 17(b)(i) amended by Nos 12/1989 (Sch. 2 item 82.11), 9/2020 s. 390(Sch. 1 item 72.2).
by or under the Local Government Act 1989 or the Local Government Act 2020 for any public or local governing purpose; or
S. 17(b)(ii) amended by No. 12/1989 (Sch. 2 item 82.12).
for a joint purpose by councils or a council and any other body—
and which body is declared by the Governor in Council on the recommendation of the Minister after consultation with the Treasurer to be an authorized depositor for the purposes of this section—
upon such forms and conditions as may be agreed between the Association and the authorized depositor.
S. 18 inserted by No. 9866 s. 2(c).
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