Western Australian Current Acts

LOCAL GOVERNMENT ACT 1995 - SECT 6.11

6.11 .         Reserve accounts

        (1)         Subject to subsection (5), where a local government wishes to set aside money for use for a purpose in a future financial year, it is to establish and maintain a reserve account for each such purpose.

        (2)         Subject to subsection (3), before a local government —

            (a)         changes* the purpose of a reserve account; or

            (b)         uses* the money in a reserve account for another purpose,

                it must give one month’s local public notice of the proposed change of purpose or proposed use.

        * Absolute majority required.

        (3)         A local government is not required to give local public notice under subsection (2) —

            (a)         where the change of purpose or of proposed use of money has been disclosed in the annual budget of the local government for that financial year; or

            (b)         in such other circumstances as are prescribed.

        (4)         A change of purpose of, or use of money in, a reserve account is to be disclosed in the annual financial report for the year in which the change occurs.

        (5)         Regulations may prescribe the circumstances and the manner in which a local government may set aside money for use for a purpose in a future financial year without the requirement to establish and maintain a reserve account.