Western Australian Current Regulations

LOCAL GOVERNMENT (FINANCIAL MANAGEMENT) REGULATIONS 1996 - REG 8

8 .         Separate bank etc. accounts required for some moneys

        (1)         A local government is to maintain a separate account with a bank or other financial institution for each of the following purposes —

            (a)         money required to be held in the municipal fund (other than money for which an account is to be established under paragraph (c)); and

            (b)         money required to be held in the trust fund; and

            (c)         money required to be held in reserve accounts.

        (2)         Money related to a purpose set out in subregulation (1) is to be banked in the account maintained for that purpose.

        (3)         Money from different accounts may be placed in a common investment authorised by the Act.

        [Regulation 8 amended: Gazette 20 Jun 1997 p. 2838; 31 Mar 2005 p. 1047‑8; 20 Apr 2012 p. 1699; SL 2023/106 r. 31.]