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FINANCIAL MANAGEMENT ACT 2006 - SECT 8

FINANCIAL MANAGEMENT ACT 2006 - SECT 8

8 .         Consolidated Account

        (1)         The Consolidated Fund established under the Constitution Act 1889 and in existence immediately before the commencement of this section constitutes the Consolidated Account for the purposes of this Act.

        (2)         There is to be credited to the Consolidated Account all public money or statutory authority money required by or under this Act or another written law to be credited to the Consolidated Account.

        (3)         There may be credited to the Consolidated Account any grants, advances, contributions, repayments or other amounts as —

            (a)         determined by the Treasurer; or

            (b)         prescribed by the regulations for the purposes of this subsection.