Australian Capital Territory Current Acts

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FINANCIAL MANAGEMENT ACT 1996 - SECT 16A

Appropriation for accrued employee entitlements

    (1)     This section applies if—

        (a)     an employee entitlement exists in relation to a territory entity in a financial year; and

        (b)     the total amount of employee entitlements paid, or required to be paid, by the territory entity in the financial year exceeds the amount appropriated for the territory entity in relation to employee entitlements for the financial year.

    (2)     The Treasurer may, in writing, authorise an appropriation for the territory entity for the amount that the total amount paid, or required to be paid, in the financial year exceeds the amount appropriated for the territory entity for the financial year.

    (3)     If the Treasurer authorises an appropriation under this section, the Treasurer must attach a copy of the authorisation to the next financial statement presented to the Legislative Assembly.

Note     For the presentation of financial statements, see s 26.



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