Western Australian Consolidated Acts Western Australian Consolidated Acts (1) An account called
the Botanic Gardens and Parks Foundation Account is to be
established —
(a) as
an agency special purpose account under section 16 of the Financial
Management Act 2006 ; or
(b) with
the approval of the Treasurer, at a bank as defined in section 3 of that
Act,
to which the funds
received by the Foundation are to be credited.
(2) The Foundation
Account is to be charged with all expenditure lawfully incurred by the
Foundation in the performance of its functions.
(3) Moneys standing to
the credit of the Foundation Account —
(a) are
subject to the direction and control of the Authority; and
(b) may
be transferred to the Authority for the purposes of carrying this Act into
effect or otherwise applied for the purposes of the Authority or the
Foundation.
(4) The operation of
the Foundation Account is to be regarded as —
(a) a
service under the control of the Authority for the purposes of section 52
of the Financial Management Act 2006 ; and
(b) part
of the operations of the Authority for the purposes of Part 5 of that
Act.
[Section 42 amended by No. 77 of 2006
s. 17.]