Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts51. (1) The responsible Minister or the responsible Chief Executive may open a trust bank account for the purposes of the relevant department.
(2) A trust bank account shall be maintained by the Chief Executive.
(3) A trust bank account shall not, without the approval in writing of the Treasurer, be opened or maintained except with the bank that is for the time being the bank with which the Territory bank account is maintained.
(4) No money may be held in a trust bank account other than trust money.
(5) A Minister or a Chief Executive shall not open or operate a trust bank account otherwise than in accordance with this Act.