Western Australian Current Acts

SCHOOL EDUCATION ACT 1999 - SECT 213U

213U .         Bank account for college funds

        (1)         Moneys forming part of a college fund are to be paid into an account at a bank approved by the chief executive officer.

        (2)         A student residential college is to have only one such bank account for each college fund except to the extent that the chief executive officer approves otherwise.

        (3)         The bank account or accounts may only be operated jointly by 2 or more office-holders, or persons belonging to a class, designated under subsection (4).

        (4)         The chief executive officer is to designate for each student residential college the office-holders or class of persons who may act under subsection (3).

        (5)         In this section —

        bank means —

            (a)         an ADI (authorised deposit-taking institution) as defined in the Banking Act 1959 (Commonwealth) section 5; or

            (b)         a bank constituted by a law of a State, a Territory or the Commonwealth.

        [Section 213U inserted: No. 41 of 2016 s. 11.]