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Financial Management Act 1994
15Accounts of departments
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15 Accounts of departments
S. 15(1)
amended by No. 11/2001 s. 3(Sch. item 26.3).
(1) A department may, with the approval in writing of the Minister, and in accordance with such terms and conditions as the Minister determines, open and maintain an account with an authorised deposit-taking institution or institutions.
S. 15(2)
amended by No. 11/2001 s. 3(Sch. item 26.4).
(2) Unless the Minister otherwise determines in writing, an account opened under this section does not form part of the Public Account.
S. 15(3)
amended by No. 11/2001 s. 3(Sch. item 26.4).
(3) Money must not be withdrawn from an account opened under this section except in accordance with the regulations and directions.
S. 16 amended by No. 11/2001 s. 3(Sch. item 26.4).