Australian Capital Territory Current Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 19B

    (1)     This section applies if—

        (a)     funds have been provided to the Territory by the Commonwealth under an agreement that specifies how the funds may be applied; and

        (b)     no appropriation has been made in relation to the funds.

    (2)     Despite section 6 (Necessity for appropriation), the Treasurer may, in writing, authorise an appropriation to a territory entity for payments by the territory entity in accordance with the agreement.

    (3)     The Treasurer may—

        (a)     give the authorisation—

              (i)     in the financial year in which the Commonwealth provides the funds to the Territory; or

              (ii)     in the following financial year; and

        (b)     for an authorisation under paragraph (a) (i)—state in the authorisation the financial year in which the appropriation under subsection (2) may be disbursed to the territory entity.

    (4)     For an authorisation under this section, an appropriation under subsection (2)—

        (a)     is taken to be an amount of appropriation for the financial year in which the appropriation is authorised to be disbursed; and

        (b)     is in addition to the appropriation to the territory entity for that financial year.

    (5)     If the Treasurer gives an authorisation 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.