Bank accounts and application of moneys
15.—(1)  The Board shall open and maintain an account or accounts with such bank or banks as the Board thinks fit; and every such account shall be operated as far as practicable upon by cheque signed by such person or persons as may from time to time be authorised in that behalf by the Board.
(2)  The moneys of the Board shall be applied only in payment or discharge of the expenses, obligations and liabilities of the Board and in making any payments that the Board is authorised or required to make.
(3)  Moneys belonging to the Board may from time to time be invested in securities in which trust funds may, by any written law for the time being in force relating to trustees, be invested.
(4)  There shall from time to time be paid into the Board’s accounts —
(a)all charges and fees collected by the Board under this Act, and the Regulation of Imports and Exports Act 1995;
[24/1995 wef 01/12/1995]
(b)all moneys derived from the operations of the Board; and
(c)all grants, donations, loans and interest from investments and other moneys received by the Board.