South Australian Numbered Acts

STATUTES AMENDMENT (ARTS AGENCIES GOVERNANCE AND OTHER MATTERS) ACT 2010 (NO 19 OF 2010) - SECT 27

27—Insertion of section 18A

Before section 19 insert:

18A—Annual budget

        (1)         The board must, from time to time, prepare and submit to the Minister a budget for the next financial year or for some other period determined by the Minister.

        (2)         The budget must set out estimates of the Corporation's receipts and expenditures for the period to which the budget relates.

        (3)         The budget must conform with any requirements of the Minister as to its form and the matters to be addressed by the budget.

        (4)         The Minister may approve a budget submitted under this section with or without modification.

        (5)         Subject to subsection (6), the board must not, without the consent of the Minister, make an expenditure that is not provided for by a budget that has been approved by the Minister under this section.

        (6)         The board is not required to have the approval of the Minister with respect to the expenditure of money received by the Corporation by way of a testamentary or other gift.