Public Governance, Performance and Accountability Act 2013

CHAPTER 2 - COMMONWEALTH ENTITIES AND THE COMMONWEALTH  

PART 2-4 - USE AND MANAGEMENT OF PUBLIC RESOURCES  

Division 3 - Banking  

SECTION 55   BANKING OR DEALING WITH RELEVANT MONEY  

Ministers

55(1)    
A Minister who receives relevant money (other than relevant money that is to be held for the purposes of making payments in relation to the Minister ' s official duties) must give the money to an official of a non-corporate Commonwealth entity as soon as is practicable.

Officials receiving bankable money

55(2)    
An official of a Commonwealth entity who receives relevant money that can be deposited in a bank (bankable money) must:

(a)    deposit the bankable money in a bank:

(i) within the period prescribed by the rules or, if the rules do not prescribe a period, as soon as is practicable; and

(ii) in accordance with any requirements prescribed by the rules; or

(b)    otherwise deal with the bankable money in accordance with any requirements prescribed by the rules.

Officials receiving unbankable money

55(3)    
The rules may prescribe matters relating to relevant money that:

(a)    is received by an official of a Commonwealth entity; and

(b)    is not bankable money.

Application of section

55(4)    
To avoid doubt, this section applies to money that becomes relevant money on receipt by a Minister or an official of a Commonwealth entity.