Financial Management Act 1996

This section applies if—

an amount is proposed to be appropriated by a bill for the first Appropriation Act for a financial year for a new purpose or a new entity; and

the bill has not yet been passed by the Legislative Assembly.

The Treasurer may, in writing, authorise an amount (a temporary advance) for expenditure for the new purpose or new entity if the Treasurer is satisfied that there is an immediate requirement for the expenditure.

A temporary advance must be authorised from the amount paid by the Treasurer under section 7 for section 18 (Treasurer’s advance).

The total amount of temporary advances authorised must not exceed 50% of the amount paid by the Treasurer under section 7 for section 18.

On the commencement of the first Appropriation Act for the financial year—

the temporary advance ceases; and

the temporary advance is taken to have been paid out of money appropriated by that Act; and

the amount appropriated for section 18 for the financial year is taken to be restored by the amount of the temporary advance; and

if the amount proposed to be appropriated under subsection (1) (a) is not passed in that Act—the temporary advance is taken to have been authorised from the appropriation for section 18 for the financial year.

If the Treasurer authorises a temporary advance, the Treasurer must attach the authorisation to the next financial statement presented to the Legislative Assembly.

For the presentation of financial statements, see s 26.

In this section: