Australian Capital Territory Current Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 18E

    (1)     This section applies if an amount has been appropriated under an Appropriation Act for a capital works reserve for a financial year.

    (2)     The Treasurer may, in writing, authorise a payment for an entity's approved capital works project (a capital works advance ) to be made from the capital works reserve to the entity if—

        (a)     the Treasurer is satisfied that—

              (i)     there is an immediate requirement for the capital works advance to be made to the entity; and

              (ii)     the capital works advance is not provided for, or is insufficiently provided for, by the appropriation to the entity for the capital works program for the financial year; and

        (b)     the capital works advance would not result in the total amount for the project exceeding the total amount budgeted for the project; and

        (c)     the total amount of capital works advances authorised in the financial year does not exceed the amount appropriated for the capital works reserve in the year.

    (3)     In this section:

"approved capital works project" means a capital works project mentioned in the capital works program.

"capital works program" means the capital works program mentioned in the budget papers.