Financial Management Act 1996

This section applies if—

a territory entity receives an amount appropriated for the territory entity from the territory banking account into its banking account; and

the amount received by the territory entity is excess to requirements (the excess amount).

The territory entity may repay the excess amount or part of the excess amount to the territory banking account.

If an amount is repaid under subsection (2)—

the appropriation from which the excess amount was paid to the territory entity is taken to be restored by the amount repaid by the territory entity; and

the balance of the appropriation, including the amount repaid, may be applied for the purposes for which it was appropriated.