Victorian Consolidated Legislation

Financial Institutions Duty Act 1982 - SECT 30

Government Department account

30. Government Department account



(1) A Department of the Government of the Commonwealth, a State or a Territory
of the Commonwealth may give notice in writing to a bank that is a registered
financial institution that an account kept in the name of that Department by
the bank is a Government Department account for the purposes of this Act.





(2) Where a notice under this section is given to a bank that is a registered
financial institution, the bank shall designate the account to which the
notice relates as a Government Department account for the purposes of this Act
and the account shall be deemed to have become a Government Department account
on 1 December 1982 or on the date on which the account was opened, whichever
is the later.