Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts9. After section 11 of the Principal Act the following sections are inserted in Part IIAA:
“12. The Board shall not, except with the written approval of the Minister, enter into a contract involving the payment by the Board of an amount exceeding $250,000.
“13. (1) Where, in respect of any financial year, there remains a surplus of the Board, that surplus or such part of it as the Minister, after consultation with the Board, by instrument determines, shall be paid to the Consolidated Revenue Fund.
“(2) For the purposes of subsection (1) the surplus of the Board in respect of a financial year is the amount (if any) of revenue remaining after deducting from the revenue received or receivable by the Board in respect of the financial year the expenditure and provision for expenditure properly chargeable against that revenue.”.