28Payments into funds

28 Payments into funds

28 Payments into funds

(1) There is payable into a committee’s general fund—

(a) all rates, fees, charges and other money received by the committee that are not required to be paid into a special fund, and

(b) all interest received in respect of the investment of money belonging to the fund, and

(c) all money directed to be paid into the fund by or under this or any other Act or law.

(2) There is payable into a committee’s special fund—

(a) all rates, fees, charges and other money received by the committee in connection with that fund, and

(b) all interest received in respect of the investment of money belonging to the fund, and

(c) all money directed to be paid into the fund by or under this or any other Act or law.

(3) All money payable into a general or special fund is to be paid into an account kept with a bank, building society or credit union carrying on business in New South Wales or, in the case of a committee that has entered into an arrangement referred to in section 9 (5), an account kept in accordance with that arrangement.