Closure of accounts
87 Closure of accounts
In this section —
ACH Account means the account that was established under section 279(1) of the 2021 Act;
ACH Compensation Fund means the account that was established under section 280(1) of the 2021 Act.
On repeal day, any moneys standing to the credit of the ACH Account or the ACH Compensation Fund must be credited to the Consolidated Account, and the ACH Account and the ACH Compensation Fund must then be closed.
Any amount referred to in section 279(5) or 280(5) of the 2021 Act as in force before repeal day that becomes payable, but is not paid, before repeal day must be paid to the chief executive officer of the Department and credited to the Consolidated Account.
[Section 87 inserted: No. 23 of 2023 s. 23.]
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