An account called the
Settlement Agents Fidelity Guarantee 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,
which is to be
administered by the chief executive officer.
[Section 87 inserted: No. 77 of 2006 Sch. 1 cl.
156(9); amended: No. 58 of 2010 s. 151.]