Australian Capital Territory Current Acts

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FINANCIAL MANAGEMENT ACT 1996 - SECT 16

Transfer of functions to another entity

    (1)     This section applies if the responsibility for a service or function for which an appropriation is made in an Appropriation Act for a financial year is or has been transferred from the territory entity to which the appropriation is made to another territory entity.

    (2)     The Treasurer may, in writing, direct that the appropriation does not lapse but may, in accordance with the direction, be issued to, or applied by, the other territory entity for the service or function.

    (3)     If the Treasurer gives a direction under subsection (2), 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)     This section does not apply to a superannuation appropriation.



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