Section 20

The Authority shall open and maintain an account or accounts with such bank or banks as the Authority thinks fit and every such account shall be operated by such person or persons as may, from time to time, be authorised in that behalf by the Authority.

The moneys of the Authority shall be applied only in payment or discharge of the expenses, obligations and liabilities of the Authority and in making any payments that the Authority is authorised or required to make.

The Authority may invest its moneys in accordance with the standard investment power of statutory bodies as defined in section 33A of the Interpretation Act (Cap. 1).