Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) An official who receives public money in a non-bankable currency must take reasonable steps to safeguard the money.
(2) In subregulation (1):
non-bankable currency means:
(a) a currency that cannot be banked; or
(b) a currency the banking of which would, in the opinion of the Chief Executive of the Agency by which it is received, involve significant costs or administrative difficulty.
Note 1 Section 10 of the Act imposes a penalty for a failure to bank public money as required by these Regulations.
Note 2 Section 10 of the Act provides that money includes cheques and similar instruments.