Queensland Consolidated Acts Queensland Consolidated Acts(1) The chief executive is authorised to continue the facilities established as at the commencement of this Act in areas for the acceptance by the chief executive of money deposited by Aborigines by way of their savings and the chief executive is authorised to establish in areas new facilities of a like nature.
(2) In this part the person providing such facilities is called the banker.
(3) The banker must deposit money received by the banker under subsection (1) in--
(a) the trust fund established as at the commencement of this Act with the Commonwealth Savings Bank of Australia; or
(b) another trust fund established by the banker for depositing the money.
(4) The banker shall cause to be properly kept a separate record and account of all moneys deposited with the banker by each Aborigine by way of his or her savings and each such account shall be credited at least once in each year with an amount as interest earned by the amount standing to the credit of that account at a rate not less than the rate of interest payable by the Commonwealth Savings Bank of Australia in respect of its ordinary savings accounts.
(5) Money deposited with the banker by Aborigines by way of their savings together with all interest accrued thereon shall be repayable at call and upon receipt of an authority signed or otherwise attested by the Aborigine on whose behalf money is so held or by another person authorised in writing by the Aborigine the chief executive shall arrange the withdrawal of the amount sought from the appropriate trust fund and the payment thereof to the Aborigine or as otherwise requested by the Aborigine.