Confiscation Proceeds Account, creation and administration of
130 Confiscation Proceeds Account, creation and administration of
An agency special purpose account called the Confiscation Proceeds Account is established under section 16 of the Financial Management Act 2006.
The provisions of the Financial Management Act 2006 and the Auditor General Act 2006 regulating the financial administration, audit and reporting of departments apply to the Confiscation Proceeds Account.
For the purposes of section 52 of the Financial Management Act 2006, the administration of the Confiscation Proceeds Account is to be regarded as a service of the department principally assisting the Minister in the administration of this Act.
[Section 130 amended: No. 77 of 2006 Sch. 1 cl. 40.]
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