s 125

Account established; administration of account

In force

(1)

An account called the Real Estate and Business Agents Interest Account is to be established —

(a)

as an agency special purpose account under section 16 of the Financial Management Act 2006; or

(b)

with the approval of the Treasurer, at a bank as defined in section 3 of that Act.

(2)

The Interest Account is to be administered by the chief executive officer.

[Section 125 inserted: No. 59 of 1995 s. 27; amended: No. 77 of 2006 Sch. 1 cl. 147(14); No. 58 of 2010 s. 118; No. 47 of 2011 s. 25(4).]

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