Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) The chief executive must keep and administer a fund to be called the consumer compensation fund.
(2) The assets of the compensation fund may only be used in accordance with this Act.
(3) The chief executive must open and maintain under the Financial Management Act 1996 , section 51 (Departmental trust banking accounts) a trust account with an authorised deposit-taking institution (the compensation fund account ) to be used only for the fund.
(4) All money of the fund not immediately needed for payments under section 151 (Claims for compensation) must be paid to the credit of the fund account.