31.1.10  Escrow account

(a)  Should jurisdictions choose to use an escrow account, government will be the sole signatory to the account, which is to be an interest bearing account, with an authorised deposit-taking institution and on call with 24 hours notice.

(b)  Interest earned on money standing to the credit of the escrow account will be deposited in the escrow account.

(c)  The private party will be given full particulars of the escrow account.

(d)  Money in the escrow account is the government's property.