Financial Management Act 2006

The account called the Public Bank Account that —

was opened and maintained by the Treasurer under the Financial Administration and Audit Act 1985 ¹ in the name of the Government of Western Australia; and

was in existence immediately before the commencement of this section,

The Public Bank Account is to be operated on the terms and conditions agreed between the Treasurer and the bank or banks with which it is maintained and under the subdivisions determined by the Treasurer —

for the receipt, custody, payment and transmission of money; and

for advances to be made and for charges in respect of advances; and

for interest to be payable by the bank or banks on balances and to the bank or banks on advances; and

for the conduct generally of the banking business of the State.