Former accounts
201 Former accounts
In this section —
former account, in relation to a health service provider that has been abolished, divided or merged with another health service provider, means the account established under section 64 for the health service provider;
operating account means an agency special purpose account established under the Financial Management Act 2006 section 16.
On the day on which a health service provider is abolished by order under section 196(a) —
any moneys standing to the credit of the health service provider’s former account are to be credited to an operating account of the Department; and
the former account is then to be closed.
On the day on which 2 or more health service providers are abolished under section 200(3)(a) as a consequence of an order under section 196(b) —
any moneys standing to the credit of the health service providers’ former accounts are to be credited to the operating account of the new health service provider established by the order; and
the former accounts are then to be closed.
On the day on which 2 or more health service providers are merged by order under section 196(c) —
any moneys standing to the credit of the former account of a health service provider that is specified in the order as a health service provider to be abolished are to be credited to the operating account of the health service provider that is specified in the order as the service provider that is to continue; and
the former accounts are then to be closed.
On the day on which a health service provider is divided by order under section 196(d) —
any moneys standing to the credit of the health service provider’s former account are to be credited to the operating accounts of the new health service providers as determined by the Department CEO; and
the former account is then to be closed.
This Act’s bill:Explanatory memorandumSecond reading speech
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