Assembly to be told about Treasurer’s advance
18C Assembly to be told about Treasurer’s advance
This section applies if the Treasurer authorises—
a Treasurer’s advance; or
a reduction of an amount of Treasurer’s advance under section 18B (2).
If the Treasurer authorises a Treasurer’s advance, the Treasurer must within 5 business days after authorising the advance give the Speaker a copy of the authorisation.
The Speaker must arrange for a copy of the authorisation to be given to each member of the Legislative Assembly as soon as practicable after it is received by the Speaker.
If an authorisation is given, the Treasurer must attach to the next financial statement presented to the Legislative Assembly—
a copy of the authorisation; and
a reconciliation stating the following:
the total amount appropriated for section 18 (Treasurer’s advance) in all Appropriation Acts for the financial year;
the total amount of Treasurer’s advance authorised previously in the financial year under section 18 (1);
the total payments for temporary advances taken to have been authorised previously in the financial year under section 7A (5) (d) (Temporary advance for new purpose or new entity);
the total amount of payments restored previously in the financial year under section 18A (2) (c);
the total reduction of the amounts of Treasurer’s advance previously authorised in the financial year under section 18B (2);
the amount authorised in the authorisation;
the amount of appropriation for section 18 that remains for the financial year.
For the presentation of financial statements, see s 26.
In this section—
Speaker includes—
if the Speaker is unavailable—the Deputy Speaker; and
if both the Speaker and Deputy Speaker are unavailable—the clerk of the Legislative Assembly.
unavailable—
the Speaker is unavailable if—
the Speaker is absent from duty; or
there is a vacancy in the office of the Speaker; or
the Speaker cannot for any reason exercise the functions of the Speaker; and
the Deputy Speaker is unavailable if—
the Deputy Speaker is absent from duty; or
there is a vacancy in the office of the Deputy Speaker; or
the Deputy Speaker cannot for any reason exercise the functions of the Deputy Speaker.
Subdivision 2.1.3 Capital works reserve
This Act’s bill:Explanatory statement
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