8Purposes of the special account

8 Purposes of the special account

For paragraph 78(1)(c) of the PGPA Act, the purposes of the special account, in relation to which amounts may be debited from the special account, are: (a) to pay amounts to a client, to the extent amounts are held on behalf of that client; (b) to pay amounts to a client, to the extent that the amounts represent interest earned on amounts held on behalf of that client; (c) to pay amounts in accordance with instructions from a client, to the extent that the amounts are held on behalf of that client; (d) to invest amounts in accordance with instructions from a client, to the extent that the amounts are held on behalf of that client; (e) to pay amounts where a court order, an Act or other law requires or permits the payment of an amount received; and (f) to reduce the balance of the special account (and, therefore, the available appropriation for the special account) without making a real or notional payment.