Australian Capital Territory Current Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 62

    (1)     This section does not apply if a territory authority presents a proposed budget to the Legislative Assembly under section 10 (c).

    (2)     The Treasurer must present to the Legislative Assembly, with the budget papers for a financial year, a statement of intent for each territory authority for the year.

    (3)     If the Treasurer does not present to the Legislative Assembly, with the budget papers for a financial year, a statement of intent for a territory authority, the Treasurer must—

        (a)     as soon as practicable after the budget papers are presented, explain to the Legislative Assembly why the statement of intent was not presented; and

        (b)     present the statement of intent to the Legislative Assembly as soon as practicable after presenting the budget papers.