Australian Capital Territory Current Acts

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FINANCIAL MANAGEMENT ACT 1996 - SECT 18C

Assembly to be told about Treasurer's advance

    (1)     This section applies if the Treasurer authorises—

        (a)     a Treasurer's advance; or

        (b)     a reduction of an amount of Treasurer's advance under section 18B (2).

    (2)     If an authorisation is given, the Treasurer must attach to the next financial statement presented to the Legislative Assembly—

        (a)     a copy of the authorisation; and

        (b)     a reconciliation stating the following:

              (i)     the total amount appropriated for section 18 (Treasurer's advance) in all Appropriation Acts for the financial year;

              (ii)     the total amount of Treasurer's advance authorised previously in the financial year under section 18 (1);

              (iii)     the total payments for temporary advances taken to have been authorised previously in the financial year under section 7A (5) (d) (Temporary advance for new purpose or new entity);

              (iv)     the total amount of payments restored previously in the financial year under section 18A (2) (c);

              (v)     the total reduction of the amounts of Treasurer's advance previously authorised in the financial year under section 18B (2);

              (vi)     the amount authorised in the authorisation;

              (vii)     the amount of appropriation for section 18 that remains for the financial year.

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



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