Financial Management Act 1996

This section applies in relation to the performance criteria set out in a statement included in a proposed budget for a financial year for—

a directorate under section 12 (1) (b); or

a prescribed territory-owned corporation under section 12A (1) (b) (ii); or

a prescribed territory authority in accordance with section 61 (6) (b).

The performance criteria may be amended by—

the responsible Minister for the territory entity; and

the Treasurer.

Without limiting subsection (2) the performance criteria may be amended if—

the appropriations for the territory entity are varied under—

section 14 (Transfer of funds between appropriations); or

section 14A (Transfer of funds from capital injection appropriation to other appropriations); or

section 14B (Transfer of funds from other appropriations to capital injection appropriation); or

section 17 (Variation of appropriations for Commonwealth grants); or

funds are transferred to or from the territory entity under section 16 (Transfer of functions to another entity); or

funds are—

taken to be authorised from section 18 (Treasurer’s advance) under section 7A (5) (d) (Temporary advance for a new purpose or new entity) for a temporary advance to the territory entity; or

given to the territory entity under section 18; or

reduced under section 18B (Treasurer’s advance—reduction of amounts); or

funds mentioned in section 19B (Authorisation of appropriation for certain Commonwealth grants) are given to the territory entity; or

changes happen in the priorities of the territory entity; or

the responsible Minister and the Treasurer are satisfied that other performance criteria should be adopted for controlled recurrent payments to be provided to the territory entity.

An amendment of the performance criteria must be made in a way that—

for a directorate—the budget as amended will comply with section 12 (3); and

for a prescribed territory-owned corporation—the budget as amended will comply with section 12A (2); and

for a prescribed territory authority—the budget as amended will comply with section 61 (4).

An amendment of the performance criteria is a notifiable instrument.

In this section: