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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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