Document ID: chunk:federal_register_of_legislation:C2004A02018:body:0:p41
Version: federal_register_of_legislation:C2004A02018
Segment Type: other
Provision Reference: 
Character Range: 100857–103563

Act as so amended.
54. After section 63a of the Principal Act the following Part is inserted:

         "PART XI–FINANCIAL PROVISIONS RELATING TO
         PUBLIC AUTHORITIES AND CERTAIN OTHER BODIES

"Division 1—General

Interpretation
"63b. (1) In this Part, unless the contrary intention appears, 'appropriate Minister' means—
      (a) in relation to a body corporate that is incorporated by an Act or by regulations made under an Act—the Minister administering the provisions of that Act that establishes, or provides for the establishment of, the body; or
      (b) in relation to a body corporate that is incorporated by a law of the Australian Capital Territory—the Minister administering the Act authorizing the making of Ordinances for that Territory or such other Minister as is prescribed for the purposes of this Part in relation to that authority in place of the first-mentioned Minister,
or another Minister for the time being acting for or on behalf of that Minister.
"(2) A reference in a Division of this Part to an authority shall be read as a reference to a body corporate declared by an Act, or by regulations made under this Act, to be a public authority to which that Division applies.

Application
"63c. (1) Where an Act declares a body corporate incorporated for a public purpose by the Act to be a public authority to which a Division of this Part (being Division 2 or 3) applies, the provisions of that Division apply to and in relation to the body corporate subject to such modifications (if any) as are made to those provisions by the Act.
"(2) Regulations made under this Act may declare a specified body corporate incorporated for a public purpose by regulations made under another Act, or by an Ordinance of the Australian Capital Territory or regulations made under such an Ordinance, to be a public authority to which a Division of this Part (being Division 2 or 3) applies, and the provisions of that Division apply to and in relation to a body corporate so declared subject to such modifications (if any) as are made to those provisions by regulations made under this Act.

"Division 2—Public authorities required to keep accounts in accordance
with commercial practice

Bank accounts
"63d. (1) The authority may open and maintain an account or accounts with an approved bank or approved banks and shall maintain at all times at least one such account.
"(2) The authority shall pay all moneys received by it into an account referred to in this section.
"(3) In this section, 'approved bank' means a trading bank as defined in sub-section 5(1) of the Banking Act 1959 or another bank approved by the Treasurer or a person authorized by the Treasurer to give approvals