Advance to the Finance Minister
10 Advance to the Finance Minister
If the Finance Minister determined an amount under subsection 10(2) of the Appropriation Act (No. 1) 2025‑2026 or subsection 10(2) of the Supply Act (No. 1) 2025‑2026 before the commencement of this Act, the amount is to be disregarded for the purposes of subsection 10(3) of the Appropriation Act (No. 1) 2025‑2026.
This means that, after the commencement of this Act, the Finance Minister has access to $400 million under section 10 of the Appropriation Act (No. 1) 2025‑2026, regardless of amounts that have already been determined under that section or under section 10 of the Supply Act (No. 1) 2025‑2026.
If:
this Act appropriates an amount for particular expenditure; and
before the commencement of this Act, the Finance Minister determined an amount (the advanced amount) under section 10 of the Appropriation Act (No. 1) 2025‑2026 or section 10 of the Supply Act (No. 1) 2025‑2026 for the expenditure;
the amount appropriated by this Act for the expenditure is taken to be reduced (but not below nil) by the advanced amount.
This Act’s bill:Explanatory memorandumSecond reading speech
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