19Border Fence Maintenance Fund

19 Border Fence Maintenance Fund

19 Border Fence Maintenance Fund

(1) The board is to maintain an account or accounts with a bank, building society or credit union approved by the Treasurer. That account or those accounts are to be known as the Border Fence Maintenance Fund.

(2) All money received from all sources under this Act is to be paid into the fund.

(3) The regulations may govern the operation of the fund.

(4) The board shall upon a request to do so being made by any person duly authorised in writing by the Auditor-General or by the Minister produce or cause to be produced for inspection to that person all books, accounts, agreements, vouchers, letters or other documents, kept or held by it and relating to any matter under this Act.

(5) The board may invest money in the fund:

(a) if the board is a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in any way that the board is permitted to invest money under that Part, or

(b) if the board is not a GSF agency for the purposes of Part 6 of the Government Sector Finance Act 2018—in accordance with the Trustee Act 1925 or in any other way approved by the Minister with the concurrence of the Treasurer.

s 19: Am 1950 No 35, sec 2 (n); 1957 No 40, sec 3 (n); 1975 No 53, Sch; 1985 No 195, Sch 1 (15); 1992 No 57, Sch 1; 1996 No 24, Sch 1; 2015 No 24, Sch 8.44 [14]; 2018 No 70, Sch 3.7.