New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.20

6.20 GSF agencies to give written consent for access to banking accounts

(1) The Treasurer may require a GSF agency that holds a banking account to give the Treasurer, or a person nominated by the Treasurer, written consent for any of the following if the entity with which the account is held requests the consent--

(a) to access banking information of the GSF agency,

(b) for an account provided under a State financial service agreement--to open or close the account or conduct banking account structuring involving the account.

(2) The accountable authority for the GSF agency must comply with a requirement under subsection (1).

(3) This section does not authorise the Treasurer to request consent to spend the money in the account or use it for a purpose that the agency is not authorised by law to spend or use it on.