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This is a Bill, not an Act. For current law, see the Acts databases.
FINANCIAL MANAGEMENT AMENDMENT BILL 2003 (NO 3)
2003
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Ms Roslyn Dundas)
Financial
Management Amendment Bill 2003 (No 3)
Contents
Page
2003
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Ms Roslyn Dundas)
Financial Management
Amendment Bill 2003 (No 3)
A Bill for
An Act to amend the
Financial Management Act
1996
The Legislative Assembly for the Australian Capital Territory enacts as
follows:
This Act is the Financial Management Amendment Act 2003 (No
3).
This Act commences on the day after its notification day.
Note The naming and commencement provisions automatically commence
on the notification day (see Legislation Act, s 75 (1)).
This Act amends the Financial Management Act 1996.
4 Treasurer’s
advanceSection 18 (1)
substitute
(1A) This section applies to expenditure that is—
(a) in excess of the amount specifically appropriated for expenditure of
that kind; or
(b) not provided for by any appropriation.
(1) The expenditure may be authorised, in writing, by the Treasurer
if—
(a) there is an urgent need for the expenditure in the financial year in
which the expenditure is authorised; and
(b) the need for the expenditure could not reasonably have been foreseen
at the time of presentation to the Legislative Assembly of the bill for the most
recent Appropriation Act for the financial year; and
(c) because of the urgency of the need for the expenditure, it is not
practicable to provide for the expenditure by an Appropriation Act;
and
(d) the total expenditure authorised under this subsection in the
financial year does not exceed the amount appropriated for the year for this
section.
5 New
section 18 (5), (6) and (7)
insert
(5) If the Treasurer has authorised expenditure under subsection (1)
during a financial year and the expenditure has not been incurred under that
authorisation during the year, the balance must be transferred to the Territory
banking account.
(6) For subsection (1) (b), a need for
expenditure is only a need for expenditure that could not
reasonably have been foreseen if it could
not reasonably have been foreseen by—
(a) the Treasurer; or
(b) for expenditure in relation to a
department—the responsible Minister or the responsible chief executive; or
(c) for expenditure in relation to a Territory
authority—the responsible Minister or the responsible chief executive
officer.
(7) For subsection (5), expenditure has been
incurred under an authorisation
only if payment of the amount has been made on the purpose for which the
expenditure was authorised.
renumber subsections when Act next republished under the Legislation
Act
Endnotes
1 Presentation speech
Presentation speech made in the Legislative Assembly on 2003.
2 Notification
Notified under the Legislation Act on 2003.
3 Republications of amended laws
For the latest republication of amended laws, see
www.legislation.act.gov.au.
© Australian Capital Territory
2003
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