51Directorate trust banking accounts

51 Directorate trust banking accounts (1) The responsible Minister or the responsible director-general may open a trust banking account for the purposes of the relevant (2) A trust banking account must be maintained by the director-general.

Trust money Part 7 (3) A trust banking account must not, without the Treasurer’s written approval, be opened or maintained otherwise than with an authorised deposit-taking institution with which an agreement is in force under section 32 (Agreement for the conduct of banking for Territory). (4) No money may be held in a trust banking account other than trust money. (5) A Minister or a director-general must not open or operate a trust banking account otherwise than in accordance with this Act.