Australian Capital Territory Current Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 30F

    (1)     The Treasurer must, at least once every 6 months, prepare a report about capital works for the Territory (a capital works report ).

    (2)     A capital works report must—

        (a)     include a progress report on the delivery of the capital works program for the Territory during the period since the previous capital works report; and

        (b)     include a statement of the expenditure on capital works for each directorate and territory authority for the financial year; and

        (c)     for each major capital works project—include—

              (i)     a statement of the expenditure on the project to date; and

              (ii)     a statement of the expenditure on the project for the financial year to date; and

              (iii)     a total budget for the project; and

              (iv)     an annual budget for the project.

    (3)     The Treasurer must—

        (a)     present a copy of each capital works report to the Legislative Assembly on the first sitting day after the report is prepared; and

        (b)     if the first sitting day is more than 60 days after the end of the period for which the report is prepared—give a copy of the report to each member of the Legislative Assembly within 60 days after the end of the period for which the report is prepared.

    (4)     A regulation may prescribe a major capital works project.

    (5)     In this section:

"capital works" includes works prescribed by regulation.

"expenditure" includes expenditure funded by capital injection or feasibility expenditure funded by controlled recurrent payments.