Health Services Act 2016

In this section —

On transition day, moneys standing to the credit of a former account must be credited in amounts determined in writing by the Minister to either or both of the following accounts —

an operating account of a specified health service provider;

an operating account of the Department.

The former account must be closed after moneys are credited under subsection (2).

Moneys referred to in subsection (2) may be applied —

in the payment of any liabilities of the former account arising before transition day; and

for the purposes of the health service provider or the Department, as the case requires.

An operating account to which moneys are credited under subsection (2) must be credited as directed in writing by the Minister with any money payable to the former accounts before transition day that is paid on or after that day.

On and after transition day, any agreement, instrument or other document that contains a reference to any of the former accounts has effect as if the reference were to the relevant operating account to which moneys are credited under subsection (2).

If there is any doubt as to which is the relevant operating account for the purposes of subsection (6), the Minister will determine the relevant operating account.