Commonwealth Numbered Acts

AUSTRALIAN NATIONAL UNIVERSITY ACT 1991 No. 131 of 1991 - SECT 46

46. (1) The Council must open and maintain an account in the name of the
University with an approved bank and may open and maintain as many other
accounts with approved banks as the Council thinks necessary.

(2) The Council must pay all money received by the University into an account
kept under subsection (1).

(3) In this section:

"approved bank" means:

   (a)  the Reserve Bank of Australia; or

   (b)  a bank as defined in subsection 5 (1) of the Banking Act 1959; or

   (c)  another bank for the time being declared, in writing, by the Treasurer
        to be an approved bank for the purposes of this section.