New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 4.10

4.10 Payments authorised on lapse of appropriation

(1) This section applies if an annual Appropriation Act for an annual reporting period for the NSW Government is not enacted before the period commences.

(2) The Treasurer may, subject to this section, authorise the payment of sums out of the Consolidated Fund to meet the requirements of the annual reporting period.

(3) The Treasurer's authorisation under this section ends on the earliest of the following occurring--

(a) the first 3 months of the annual reporting period ending,

(b) the enactment of an annual Appropriation Act for the annual reporting period.

(4) Payments that are authorised to be made under this section must not--

(a) exceed, in total, an amount equivalent to one quarter of the amount appropriated under the annual Appropriation Act for the previous annual reporting period (adjusted for changes in consumer prices as provided by the regulations), and

(b) if estimates of expenditure for the current annual reporting period have been presented to Parliament and the rate of expenditure in those estimates is lower than the rate of expenditure authorised in the annual Appropriation Act for the previous reporting period--exceed those lower rates.