sec.88Fund bank account

sec.88 Fund bank account

The department must keep a fund bank account. The account is in addition to other accounts the department is required or permitted to keep under an Act. The chief executive must pay all amounts received for the fund into the fund bank account, including amounts appropriated by Parliament and any other amounts received by the department for the fund. The chief executive may pay amounts out of the fund bank account only in order to make a payment from the fund under section 90 . The Treasurer may give the chief executive a direction about the banking arrangements for the fund bank account. The direction must be consistent with requirements applying to the department under this Act or another Act. The chief executive must comply with a direction given under subsection (5) . (sec.88-ssec.1) The department must keep a fund bank account. (sec.88-ssec.2) The account is in addition to other accounts the department is required or permitted to keep under an Act. (sec.88-ssec.3) The chief executive must pay all amounts received for the fund into the fund bank account, including amounts appropriated by Parliament and any other amounts received by the department for the fund. (sec.88-ssec.4) The chief executive may pay amounts out of the fund bank account only in order to make a payment from the fund under section 90 . (sec.88-ssec.5) The Treasurer may give the chief executive a direction about the banking arrangements for the fund bank account. (sec.88-ssec.6) The direction must be consistent with requirements applying to the department under this Act or another Act. (sec.88-ssec.7) The chief executive must comply with a direction given under subsection (5) .