195 Existing bank accounts

There is a period of grace of 6 months after section 158 comes into force during which—

(a)

a Crown entity must continue to comply with section 24 of the Public Finance Act 1989, and (or, as the case may be, or) its entity’s Act (if relevant), as if this Act and the Public Finance Amendment Act 2004 had not been passed; and

(b)

neither section 158, nor any amendment of an entity’s Act in relation to bank accounts in Schedule 6 of this Act, apply to a Crown entity.