Tasmanian Consolidated Acts Tasmanian Consolidated Acts
(1) All money deposited with the Treasurer or otherwise held on trust by the Treasurer and such other money held by the Treasurer as he may direct, shall be kept in a separate fund to be called the Special Deposits and Trust Fund.
(2) The Treasurer may establish special deposit accounts and trust accounts for any money kept in the Special Deposits and Trust Fund and define the purposes for which they are to be used.
(3) The money standing to the credit of a special deposit account or trust account shall be deemed to be money standing to the credit of the Special Deposits and Trust Fund.
(4) The Treasurer may direct that a special deposit account or trust account shall be closed and, on such a direction, after all liabilities relating to the account have been met, the account shall be closed.
(5) The Treasurer may direct that any money standing to the credit of a special deposit account or trust account that is not required for the purposes of that account and the balance of money standing to the credit of a special deposit account or trust account closed under subsection (4) shall be credited to the Consolidated Fund.
(6) The Treasurer may –
(a) accept deposits of money belonging to, or appropriated or set aside for the use of, the Crown or of an authority of the State, and credit those deposits to an appropriate special deposit account or trust account; and
(b) allow interest on those deposits at such rates as may be approved by the Treasurer.
(7) The Treasurer may accept and credit to an appropriate special deposit account money granted or lent to the State by the Commonwealth that is –
and may, without any authority other than this Act, issue and apply that money for the purposes for which it was granted or lent.(a) to be applied for specific purposes prescribed by or under a Commonwealth Act;
(b) received by the State on condition that it will be applied for specific purposes; or
(c) received by the State in accordance with an agreement made between the State and the Commonwealth with respect to the purposes for which that money may be spent –
(8) The Treasurer shall not expend any money standing to the credit of the Special Deposits and Trust Fund except for the purposes of that Fund or under the authority of this Act or some other Act.