FINANCIAL MANAGEMENT ACT 2006 - SECT 31
FINANCIAL MANAGEMENT ACT 2006 - SECT 31
31 . Public Bank Account Interest Earned Account, application of money in
(1) Money standing to
the credit of the Public Bank Account Interest Earned Account at any time may
be credited to the Consolidated Account if the Treasurer so determines.
(2) Money standing to
the credit of the Public Bank Account Interest Earned Account at the end of a
financial year is to be credited at that time to the Consolidated Account.
(3) A reference in
this section to money standing to the credit of the Public Bank Account
Interest Earned Account does not include a reference to money held in that
account pending payment as provided for in a determination under section 38(5)
or as required under another written law.