s 103
In forceAccount established; administration of account
Part VISettlement Agents Interest Account
103 Account established; administration of account
(1)
An account called the Settlement 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 103 inserted: No. 59 of 1995 s. 81; amended: No. 77 of 2006 Sch. 1 cl. 156(14); No. 46 of 2009 s. 15(3); No. 58 of 2010 s. 168.]
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