Version as at 1 July 2024 (b) (3) Crown Entities Act 2004 (i) the Minister of Finance in writing; or (ii) any regulations made under this Part; and Part 4 s 158 the bank account or bank accounts must be of a type approved by— (i) the Minister of Finance in writing; or (ii) any regulations made under this Part. A Crown entity must establish, maintain, and operate a bank account referred to in subsection (2) subject to— (a) any regulations made under this Part; and (b) if applicable, any conditions of the authorisation or approval given by the Minister of Finance; and (c) the entity’s Act. (4) The Minister of Finance must notify in the Gazette an authorisation or approval given under subsection (2)(a)(i) or, as the case may be, subsection (2)(b)(i). (5) A Crown entity must ensure that it does not establish, maintain, or operate a bank account other than as provided for in subsection (1). (6) All money in a bank account at a registered bank or a registered building society must be denominated in New Zealand dollars unless the Minister of Finance allows otherwise. (7) A Crown entity must properly authorise the withdrawal or payment of money from a bank account of the Crown entity. (8) There is a period of grace if a bank account ceases to qualify under subsection (1), and— (9) (a) during that period the Crown entity may continue to pay money into the bank account; but (b) by the end of the period the Crown entity must have closed the account and paid all the money in the account into another bank account that does qualify under subsection (1). The period of grace ends on the earlier of— (a) 2 months after the bank account ceases to qualify under subsection (1); or (b) a date specified by the Minister of Finance and notified to the Crown entity. Compare: 1989 No 44 s 24 91