I did not argue too much against this suggestion. I knew that practically this was the best option for the FIU where we could quickly nurture and develop the skills and the processes that are needed to establish the unit. However, I had expected that while the Bank can administer the FIU, the Government should foot the bill.
Like many good government, they also passed this bill to the Reserve Bank. The Bank now covers the full cost of the FIU from its own resources. As part of the agreement with government, the Minister for Justice has delegated almost all of his powers under the Act to the Governor of the Reserve Bank of Fiji.