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APPROPRIATION ACT (NO. 4) 2011-2012 (NO. 31, 2012) - SECT 15

Advance to the Finance Minister

             (1)  If the Finance Minister determined an amount under subsection 15(2) of the Appropriation Act (No. 2) 2011-2012 before the commencement of this Act, the amount is to be disregarded for the purposes of subsection 15(3) of that Act.

Note:          This means that, after the commencement of this Act, the Finance Minister has access to $380 million under section 15 of the Appropriation Act (No. 2) 2011-2012 , regardless of amounts that have already been determined under that section.

             (2)  If:

                     (a)  this Act appropriates an amount for particular expenditure; and

                     (b)  before the commencement of this Act, the Finance Minister determines an amount (the advanced amount ) under section 15 of the Appropriation Act (No. 2) 2011-2012 for the expenditure;

the amount appropriated by this Act for the expenditure is taken to be reduced (but not below nil) by the advanced amount.


 

   



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