25. Authority as a banker to, and financial agent of, Government and manager of its external assets

The Authority is to act as a banker to, and a financial agent of, the Government.

Whenever the Authority receives and disburses Government moneys, the Authority must keep account thereof and may be paid an agency fee for its services.

The Authority may act generally as agent for the Government on such terms and conditions as may be agreed between the Authority and the Government where the Authority can do so appropriately and consistently with the provisions of this Act and with its duties and functions as a monetary authority.

The Authority is to, subject to the Financial Procedure Act 1966 and any other written law, manage the external assets of the Government.