20Existing working accounts

#### 20 Existing working accounts 20 Existing working accounts > > (1) This clause applies to a working account established under section 13A of the [Public Finance and Audit Act 1983](/view/html/inforce/current/act-1983-152) for an authority within the meaning of that Act (an existing working account) if— > > > > > (a) the account was in existence immediately before the replacement day for that section (the section 13A replacement day), and > > > > > (b) the authority is a GSF agency for the purposes of this Act. > > > (2) An existing working account is taken to be a working account established under section 4.17 of this Act for the GSF agency (a continued working account) concerned. > > > (3) Any money (including money that is not working account money) held in an existing working account is taken to form part of the continued working account. > > > (4) To avoid doubt, subclause (3) does not authorise the payment into a continued working account of money that is not working account money received on or after the section 13A replacement day. > > > (5) Subject to any regulations made for the purposes of section 4.17, the operation of an existing working account, and the purposes for which money may be paid out of the account, continue to be subject to any terms and conditions specified in the instrument that established the account. > > > (6) This section expires at the end of 31 December 2022. > > > (7) In this clause— > > > > working account money has the same meaning as in section 4.17 of the Act.