Australian Capital Territory Numbered Acts

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HEALTH PROFESSIONALS ACT 2004 (NO. 38 OF 2004) - SECT 33

Banking and investment of money of board

    (1)     A health profession board must—

        (a)     maintain at least 1 account; and

        (b)     pay all amounts it receives into an account; and

        (c)     pay all amounts it spends out of an account.

    (2)     The health profession board may invest its money as it considers appropriate.

    (3)     In this section:

"account" means an account with an authorised deposit-taking institution.

Note      Authorised deposit-taking institution is defined in the Legislation Act, dict, pt 1).



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