New South Wales Consolidated Acts

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GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.18

Treasurer may operate banking accounts

6.18 Treasurer may operate banking accounts

(1) The Treasurer is authorised, on behalf of a GSF agency, to open or close banking accounts of the agency or conduct banking account structuring involving those accounts.
(2) The Treasurer is also authorised to open, close or operate banking accounts of the State or conduct banking account structuring involving those accounts.
(3) The Treasurer must consult the accountable authority for a GSF agency before closing any of its banking accounts.
(4) Anything done by the Treasurer under this section in relation to a banking account has the same effect in law as if it had been done by the holder of the account.
(5) This section does not--
(a) limit or prevent the accountable authority for a GSF agency from opening, closing or operating banking accounts as provided by section 6.19, or
(b) authorise the Treasurer to spend the money in the banking account or to use it for a purpose that the agency is not authorised by law to spend or use it on.



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