Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Actsinsert
51A Transfer of departmental trust banking accounts
(1) This section applies if the Treasurer believes that it is desirable, because of changes in departmental responsibilities, to transfer a departmental trust banking account from a department to another department.
(2) The Treasurer may, in writing, direct the responsible chief executive of the department that holds the account to arrange for it to be transferred to the other department.
(3) If a chief executive receives a direction under subsection (2), the chief executive must comply with it.
(4) An account transferred in accordance with the direction becomes a trust banking account of the department to which it is transferred.
51B Transfers between trust banking accounts—changes in departmental responsibilities
(1) This section applies if the Treasurer believes that it is necessary, because of changes in departmental responsibilities, to transfer an amount held in a departmental trust banking account (the first account ) to a trust banking account of another department.
(2) The Treasurer may, in writing, direct the responsible chief executive of the department that holds the first account to transfer the amount.
(3) If a chief executive receives a direction under subsection (2), the chief executive must comply with it.
51C Transfers between trust banking accounts—investment
Amounts may at any time be transferred between trust banking accounts to facilitate investment of trust money.