Document ID: chunk:federal_register_of_legislation:C2016C00418:clause:2_34
Version: federal_register_of_legislation:C2016C00418
Segment Type: clause
Provision Reference: sch 2 cl 34
Character Range: 43762–44441

34  Agreements with banks about receipt, transmission etc. of public money
(1) An agreement made under section 8 of the FMA Act (which deals with agreements with banks about the receipt, transmission etc. of public money) that is in force immediately before the commencement time is taken, after that time, to have been made under, and in accordance with, section 53 of the PGPA Act.
(2) An agreement made under section 8 of the FMA Act with the Reserve Bank of Australia in relation to a central bank account that is in force immediately before the commencement time is taken, after that time, to have been made under, and in accordance with, subsection 53(3) of the PGPA Act.