Australian Capital Territory Numbered Acts

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FINANCIAL MANAGEMENT ACT 1996 (NO. 22 OF 1996) - SECT 50

Administration of trust money

50. (1) Trust money shall be administered by the appropriate department on behalf of the Territory.

(2) The Treasurer may, by instrument, specify a department as the appropriate department in respect of an amount of trust money.

(3) In this section—

“appropriate department”, in relation to an amount of trust money, means—

        (a)     except where paragraph (b) applies—the department responsible for matters or enactments which relate most closely to the purpose of the payment; or

        (b)     the department specified under subsection (2).



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