(1) The following amounts are held on trust by the Territory:
(a) amounts paid to the Territory under this Act;
(b) amounts that may or must be paid into the ACAT trust account under an authorising law;
(c) interest on the amounts.
Note The Financial Management Act 1996
, pt 7 sets out how trust amounts are to be held and administered.
(2) The director-general must open and maintain a trust account (the ACAT trust account ) for the trust amounts.
(3) The director-general must keep a record of the trust amounts paid into the ACAT trust account under this Act and each authorising law.
(4) In this section:
"interest"—see the Financial Management Act 1996
, dictionary.