Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) Despite section 6 (Necessity for appropriation), the Treasurer may, in writing, direct that appropriations made by an Appropriation Act be varied by transfers of funds between the appropriations.
(2) A transfer of funds between appropriations under this section must not cause an appropriation from which funds are transferred to be reduced by more than 3%.
(3) The Treasurer must attach a copy of the direction to the next financial statement presented to the Legislative Assembly.
Note For the presentation of financial statements, see s 26.
(4) Subsection (1) does not apply to a superannuation appropriation.
(5) In this section:
"appropriation" means an appropriation made by an Appropriation Act in a financial year or, if the appropriation is amended during the financial year, the appropriation as amended.