(1) An account called
the Settlement Agents Interest Account is to be established —
(a) as
an agency special purpose account under section 16 of the
Financial Management Act 2006 ; or
(b) with
the approval of the Treasurer, at a bank as defined in section 3 of that Act.
(2) The Interest
Account is to be administered by the chief executive officer.
[Section 103 inserted: No. 59 of 1995 s. 81;
amended: No. 77 of 2006 Sch. 1 cl. 156(14); No. 46 of 2009 s. 15(3); No. 58 of
2010 s. 168.]