Commonwealth Numbered Acts

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APPROPRIATION ACT (NO. 4) 2015-2016 (NO. 29, 2016) - SECT 12

Advance to the Finance Minister

             (1)  If the Finance Minister determined an amount under subsection 12(2) of the Appropriation Act (No. 2) 2015-2016 before the commencement of this Act, the amount is to be disregarded for the purposes of subsection 12(3) of that Act.

Note:          This means that, after the commencement of this Act, the Finance Minister has access to $380 million under section 12 of the Appropriation Act (No. 2) 2015-2016 , 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 12 of the Appropriation Act (No. 2) 2015-2016 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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