21
CurrentBank account
Part 3Administration
Division 3Financial provisions
21 Bank account
(1)
The Authority is to have an account at a bank approved by the Treasurer.
(2)
The account is to be called the “Economic Regulation Authority Account”.
(3)
The account is to be —
(a)
credited with all funds received by, made available to, or payable to, the Authority including —
(i)
money appropriated by Parliament; and
(ii)
fees referred to in section 61(2);
and
(b)
charged with all expenditure incurred under this Act or any other written law to enable the functions of the Authority to be performed, including the remuneration and allowances referred to in section 12 and the salary and allowances referred to in section 20(3)(b).
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