Document ID: chunk:federal_register_of_legislation:F2025C00077:reg:20
Version: federal_register_of_legislation:F2025C00077
Segment Type: reg
Provision Reference: reg 20
Character Range: 122613–123716

20  Otherwise dealing with bankable money received by officials

      Guide to this section
      The purpose of this section is to require officials who receive bankable money that is to be held for making payments in relation to the entity to deal with the money in accordance with the accountable authority's instructions (instead of banking it as required by section 19).
      This section is made for paragraph 55(2)(b) of the Act.
  If an official of a Commonwealth entity receives bankable money that is to be held for the purposes of making payments in relation to a Commonwealth entity, then the official must deal with the money in accordance with any requirements prescribed by the instructions of the accountable authority of a Commonwealth entity that is responsible for the money, despite section 19 (which would otherwise require the money to be deposited in a bank).
Note: The accountable authority referred to in this section may be the accountable authority of the same Commonwealth entity as the official or it may be the accountable authority of a different Commonwealth entity.