Victorian Bills Explanatory Memoranda

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APPROPRIATION (PARLIAMENT 2004/2005) BILL 2004

                                                    Appropriation (Parliament 2004/2005) Bill

                                                                          Circulation Print
Victorian Legislation Parliamentary Documents




                                                               EXPLANATORY MEMORANDUM


                                                                                  General
                                                This Bill provides appropriation authority for payments from the
                                                Consolidated Fund to the Parliament in respect of the 2004/2005 financial
                                                year. The amounts contained in Schedule 1 to the Bill provide for the
                                                ongoing operations of the Parliament, new output initiatives and new asset
                                                investment in so far as these are funded by way of annual appropriation.
                                                In addition to the annual appropriations contained in this Bill, funds are
                                                also made available to the Parliament by way of special appropriation.
                                                Special appropriations arise through provisions that are contained in
                                                legislation. These appropriations provide for the specific purposes set out in
                                                that legislation and they do not lapse annually like the annual Appropriation
                                                Act. Details of these can be found in Table 5.4 of Budget Paper No. 4:
                                                Statement of Finances.
                                                Unapplied appropriation under the Appropriation (Parliament 2003/2004)
                                                Act 2003 has been estimated and is included in the Budget Papers. Prior to
                                                30 June 2004 actual unapplied appropriation are finalised, approved
                                                carryover amounts determined and the 2004/2005 appropriations increased
                                                accordingly, pursuant to section 32 of the Financial Management Act 1994.
                                                To enable comparison of the appropriations between years, Schedule 1 to the
                                                Bill contains both the 2003/2004 and the 2004/2005 appropriated amounts.

                                                                               Clause Notes
                                                The Bill is comprised of 6 clauses as follows:

                                                Clause 1    defines the purpose of the proposed Act.

                                                Clause 2    specifies that the proposed Act comes into operation on the day it
                                                            receives Royal Assent.




                                                                                       1
                                                551180                                           BILL LA CIRCULATION 4/5/2004

 


 

Clause 3 provides that the Treasurer may issue the stated amount out of the Consolidated Fund in respect of the financial year 2004/2005 for the purposes set out in Schedule 1 to the Bill. Sub-clauses (2) and (3) provide authority for additional appropriation if necessary for increases in salaries and related costs that may be the result of Victorian Legislation Parliamentary Documents determinations or legislation during the year. Clause 4 provides that the Consolidated Fund is appropriated to the extent necessary for the purposes included in clause 3. Clause 5 provides that the amounts specified for an item in Schedule 1 are to be applied subject to section 31 of the Financial Management Act 1994 and on the basis that the amounts specified for that item are not exceeded. The clause also states that if depreciation is included in the provision of outputs of a department in Schedule 1 to the Bill, then the additions to the net asset base of that department may be increased, subject to the Treasurer's approval, by an amount up to the depreciation amount. Clause 6 provides for the application of amounts in 2004/2005 for arrangements, expenses or obligations that arise in 2004/2005 but do not require payment until a future year. 2

 


 

 


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