Regulations may
provide for —
(a) the
security and banking of money received by a local government; and
(b) the
keeping of financial records by a local government; and
(c) the
management by a local government of its assets, liabilities and revenue; and
(d) the
general management of, and the authorisation of payments out of —
(i)
the municipal fund; and
(ii)
the trust fund,
of a local government.