Government Treasury Act Article 5

Where a commissioned bank receives cash and matured bills from a government treasury office, it is to be deposited. The rights and obligations of the commissioned bank and the government treasury at each level are to be stipulated in a contract, unless it is specifically restricted by laws and orders. This contract shall be signed pursuant to the following provisions:1.The contract which is commissioned by the competent authority of the national treasury to the Central Bank of the Republic of China (Taiwan) shall be reported to the Executive Yuan for future reference.2.The contract which is commissioned by the competent authority of the special municipality, county/city, or township/city treasury to the commissioned bank shall be reported to the competent authority of the national treasury or the competent authority of the county treasury for future reference.Where the commissioned bank re-commissions an agent institution to take charge of the government treasury activities pursuant to Paragraph 1 of the preceding article, it shall sign a re-commission contract, and report the contract to the relevant government treasury competent authority for future reference.Where a commissioned financial institution re-commissions a payment collection agent institution to collect taxes and fees, it shall sign a re-commission contract.