(1)  The Board is to keep such bank, building society and credit union accounts as it considers necessary.

(2)  The funds of the Board are to be paid to the credit of such of the accounts referred to in subsection (1) as the Board determines and are to consist of –

(a) money received by way of fees, fines, penalties and charges paid to or recovered by the Board; and

(b) any money borrowed by the Board; and

(c) any money received by the Board from other sources.

(3)  The funds of the Board are to be applied –

(a) in payment or discharge of the expenses, charges and obligations incurred or undertaken by the Board in the performance of its functions and the exercise of its powers; and

(b) in the payment of any remuneration payable by the Board.

(4)  The Board may invest any money that it is holding in any manner in which a trustee is authorised by law to invest trust funds.