19
CurrentAccounts not to be overdrawn except with Treasurer’s approval
19 Accounts not to be overdrawn except with Treasurer’s approval
(1)
Except with, and in accordance with, the prior approval of the Treasurer, the accountable authority of an agency is not to cause or permit a special purpose account operated by the agency to be overdrawn.
(2)
If the Treasurer approves a special purpose account to be overdrawn, the overdraft —
(a)
is taken to be an advance to be charged in the relevant financial year to the Treasurer’s Advance Account; and
(b)
is subject to the terms and conditions determined by the Treasurer.
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