New South Wales Consolidated Acts

HEALTH ADMINISTRATION ACT 1982 - SECT 13A

13A Corporation to manage accounts of health professional boards

(1) The Corporation is to establish in the Special Deposits Account in the Treasury a separate account in respect of each of the health professional boards referred to in Schedule 2A.

(2) There is to be paid into each such account:

(a) the money transmitted to the Corporation in accordance with the Act establishing the board in respect of which the account is kept, and

(b) any other money which may lawfully be paid into the account.

(3) The Corporation may pay out of such an account:

(a) amounts required to meet the costs incurred in the administration or execution of the Act establishing the board in respect of which the account is kept and the regulations made under that Act, and

(b) amounts necessary to meet any costs associated with the employment of NSW Health Service staff to enable the Corporation to exercise its functions in respect of that board.

(3A) For the purposes of section 4E (2) of the Public Sector Employment and Management Act 2002 , the Corporation is taken to be the statutory corporation in respect of which staff are employed under Chapter 1A of that Act to enable a health professional board to exercise its functions. Accordingly, the Corporation is authorised to pay out of an account under this section any employment-related costs that the Corporation is directed to pay under section 4E (2) of that Act.

(4) The Corporation may invest money in such an account:

(a) in the manner authorised by the Public Authorities (Financial Arrangements) Act 1987 , or

(b) if that Act does not confer power on the Corporation to invest the money, in any other manner approved by the Treasurer.

(5) The interest or profits accruing from any such investment are to be paid into the relevant account.