(1) If an agreement covered by subsection (2) provides for an arrangement for the receipt or custody of public money by a person who is an outsider for the purposes of section 12 of the Financial Management and Accountability Act 1997 , the arrangement is authorised for the purposes of that section.
(2) This subsection covers the following:
(a) a loan provider agreement;
(b) an agreement mentioned in subsection 81(3).