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FINANCIAL MANAGEMENT AND ACCOUNTABILITY REGULATIONS 1997 No. 328 - REG 15
Approval of purpose of official advance
15. (1) The Finance Chief Executive may approve, in writing, a purpose for
which payments may be made from a particular official advance.
(2) An approval has effect:
(a) from the date specified for that purpose in the instrument of
approval; or
(b) if there is no such date-from the date of the approval.
(3) An approval ceases to have effect:
(a) if the instrument specifies a date for that purpose-on that date; or
(b) if the instrument specifies an event, or an event of a particular
kind, for that purpose-on the happening of that event, or an event of
that kind; or
(c) in any other case-on 30 June next occurring after the approval takes
effect.
[NOTE: "Official advance" is defined in regulation 3.]
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