Transfer of funds from other appropriations to capital injection appropriation
14B Transfer of funds from other appropriations to capital injection appropriation
Despite section 6 (Necessity for appropriation), the Treasurer may, in writing, direct that an appropriation for controlled recurrent payments or payments to be made on behalf of the Territory for an entity be varied by a transfer of funds from those appropriations to an appropriation for capital injection for the entity.
The Treasurer must attach a copy of the direction to the next financial statement presented to the Legislative Assembly.
For the presentation of financial statements, see s 26.
In this section:
appropriation for controlled recurrent payments means an appropriation for controlled recurrent payments made by an Appropriation Act in a financial year or, if the appropriation is amended during the financial year, the appropriation as amended.
appropriation for payments to be made on behalf of the Territory means an appropriation for payments to be made on behalf of the Territory made by an Appropriation Act in a financial year or, if the appropriation is amended during the financial year, the appropriation as amended.
This Act’s bill:Explanatory statement
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.