Constitutional Matters III - Constitution (Financial Procedure) Order · Revised Edition · Part 3
7. Custody and investment of moneys
Official textFrom Attorney General's Chambers, unchanged
Moneys paid to the Consolidated Fund may be kept with such bank or banks as His Majesty the Sultan and Yang Di-Pertuan shall from time to time direct.
Consolidated Fund
“Consolidated Fund” means the Fund established by Article 58 of the Constitution;
All such moneys paid into any such bank or banks shall be deemed to be public moneys and the property of the Government lent by the
public moneys
“public moneys” means all revenue, loan, trust and other moneys and all bonds, debentures and other securities whatsoever raised or received by or on account of Brunei Darussalam, including cession moneys known as tulin and kuripan paid by the Governments of Constitution (Financial Procedure) Order 8 Sarawak and North Borneo to Brunei Darussalam, but does not include Zakat, Fitrah or similar Muslim revenues and funds;
Government to the bank.
Moneys standing to the credit of the Government with any bank or otherwise held by the Government may, with the consent of His Majesty the Sultan and Yang Di-Pertuan, be invested by the Minister —
on deposit in any bank; or
as otherwise authorised by any written law, and such investments, together with any income in the form of dividends, profits, interest or returns received therefrom shall form part of the
Consolidated Fund.
Moneys standing to the credit of the Government with any bank or otherwise held by the Government may on the order of His Majesty the
Sultan and Yang Di-Pertuan be paid to the Brunei Investment Agency and may be invested by the Brunei Investment Agency —
on deposit in any bank;
in any fund maintained by the Brunei Investment Agency for such investment; or
Constitution (Financial Procedure)
Order
as otherwise authorised by any written law, and such investments, together with any income in the form of dividends, profits, interest or returns received therefrom shall form part of the General
Reserve Fund of the Brunei Investment Agency and any part thereof may, and shall if so ordered by His Majesty the Sultan and Yang Di-Pertuan, from time to time be paid by the Brunei Investment Agency to the Consolidated
Fund.
Income received from the investment of any moneys in accordance with subsection (3) shall be accounted in the Consolidated
Revenue Account except that where it is so provided in any law or under any trust, that the income received from the investment of moneys standing to the credit of any trust account in the Consolidated Trust Account shall be paid to the credit of that trust account.
Income received from the investment of any moneys in accordance with subsection (3A) shall be accounted in the General Reserve
Fund of the Brunei Investment Agency except where it is so provided in any law or under any trust, that the income received from the investment of any moneys standing to the credit of any trust account in the Consolidated Trust
Account shall be paid to the credit of that trust account.
The investments specified in Schedule 1 shall be authorised for the purposes of paragraph (b) of subsection (3) or of paragraph (c) of subsection (3A):
Provided that it shall be lawful for His Majesty the Sultan and Yang
Di-Pertuan, by Order published in the Gazette, to add to, amend or remove, all or any of the items of investments specified in Schedule 1.
Terms defined in art 2
Consolidated Fund
Defined · art 2“Consolidated Fund” means the Fund established by Article 58 of the Constitution;
public moneys
Defined · art 2“public moneys” means all revenue, loan, trust and other moneys and all bonds, debentures and other securities whatsoever raised or received by or on account of Brunei Darussalam, including cession moneys known as tulin and kuripan paid by the Governments of Constitution (Financial Procedure) Order 8 Sarawak and North Borneo to Brunei Darussalam, but does not include Zakat, Fitrah or similar Muslim revenues and funds;