Australian Capital Territory Consolidated Acts

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FINANCIAL MANAGEMENT ACT 1996 - SECT 36

Transfer following change in directorate responsibilities

    (1)     If, in the Treasurer's opinion, it is necessary as a consequence of changes in directorate responsibilities, to transfer to another account money held in the territory banking account or a directorate banking account, the Treasurer must decide the amount to be transferred and direct that the transfer be made.

    (2)     The Treasurer must not exercise the powers under subsection (1) in relation to a directorate banking account except after consultation with the responsible Minister.



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