New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 4.17

4.17 Working accounts

(1) A GSF agency may, in the circumstances permitted by the regulations, establish and operate a working account in the Special Deposits Account in respect of working account money received by the agency.

(2)
"Working account money" received by a GSF agency is any money received by the GSF agency from a source of a kind prescribed by the regulations, but does not include--

(a) money provided to the GSF agency from an appropriation under an annual Appropriation Act, or

(b) money of a kind referred to in section 4.7 (5).

(3) A GSF agency (if the agency is a person) or the accountable authority for a GSF agency (if the agency is not a person) is authorised to operate a working account of the agency (including by paying money into or out of the account and investing money in the account in accordance with the regulations).

(4) The regulations may make provision for or with respect to the following--

(a) the establishment and dissolution of working accounts,

(b) the operation of working accounts (including the purposes for which money in working accounts may be paid into or out of accounts and the use of investment returns on the money),

(c) the payment into the Consolidated Fund of money in working accounts or former working accounts (including working accounts or former working accounts originally established under section 13A of the Public Finance and Audit Act 1983 before its repeal),

(d) without limiting paragraph (a), (b) or (c), enabling the Treasurer to exercise functions in connection with the establishment, dissolution and operation of working accounts (including by providing authorisations or giving directions for these purposes).