New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 6.4

6.4 Concepts relating to banking

(1) A
"banking service" is--

(a) a service of a kind provided as part of carrying on a banking business (as defined in the Banking Act 1959 of the Commonwealth), or

(b) a service involving depositing, crediting or storing money or its value of a kind prescribed by the regulations as a banking service.

(2) A
"banking account" is--

(a) an account (including a sub-account) for depositing, crediting or storing money or its value with an authorised deposit-taking institution or with any other entity providing banking services, or

(b) any other account (including a sub-account) or facility for depositing, crediting or storing money or its value (including in accounts or sub-accounts provided under a State financial service agreement) of a kind prescribed by the regulations as a banking account.

(3)
"Banking account structuring" means consolidating, grouping, setting off or any other kind of structuring of banking accounts.

(4) The
"banking information" of a GSF agency is--

(a) any information about banking services the agency receives (including information about the agency's banking accounts), and

(b) any statements or reports about banking services the agency receives.