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HEALTH LEGISLATION AMENDMENT ACT (No. 2) 1985 No. 167 of 1985 - SECT 63

Bank accounts
63. Section 35 of the Principal Act is amended -

   (a)  by omitting sub-sections (3), (4) and (5) and substituting the
following sub-sections:

"(3) The Commission shall open and maintain with an approved
bank or approved banks an account or accounts for the purposes of
the performance of its Australia Card functions.

"(4) The Commission shall pay into the account or accounts
maintained under this section in relation to a relevant function all
money paid to the Commission in connection with that function
and, subject to sub-section (5), shall not withdraw from such an
account any money other than amounts required to be expended in
connection with that function.

"(5) Where money is required for expenditure by the Commission
in connection with the performance of 2 or more relevant functions,
the Commission may withdraw the money from any account
maintained under this section in relation to any of those functions,
but it shall, as soon as practicable thereafter, make such withdrawals
from, and such payments to, the accounts maintained under this
section in relation to those functions as are necessary to ensure that
expenditure that is to be treated, for the purposes of this Act, as
expenditure wholly and exclusively related to the performance of
each of those relevant functions is debited to the appropriate account
or accounts."; and

   (b)  by adding at the end the following sub-section:

"(7) In this section, 'relevant function' has the same meaning as
in section 34C.". 


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