Financial Management Act 2016
18Agency Trust Accounts
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18 Agency Trust Accounts
(1) The Treasurer may establish Agency Trust Accounts for the receipt of money by the State or an Agency to be held in trust.
(2) The accountable authority is to ensure that all money required or permitted by this Act or any other law in force in the State to be held in trust by the State or an Agency is credited to an Agency Trust Account.
(3) Money may be withdrawn from an Agency Trust Account only for the purposes of the trust to which the money relates or for any purpose authorised by this Act or any other written law.
(4) Each Agency must keep, in relation to each Agency Trust Account, the accounts that are specified in the Treasurer's Instructions.
(5) If any money has been credited to an Agency Trust Account without the approval of the Treasurer, the Treasurer may direct that the money be transferred to an account, in the Public Account, that the Treasurer determines.
(6) The Treasurer may invest, in securities approved by the Treasurer for the purposes of this section, any money standing to the credit of an Agency Trust Account.