Advance to the Finance Minister
12 Advance to the Finance Minister
If the Finance Minister determined an amount under subsection 12(2) of the Appropriation Act (No. 2) 2024‑2025 before the commencement of this Act, the amount is to be disregarded for the purposes of subsection 12(3) of that Act.
This means that, after the commencement of this Act, the Finance Minister has access to $600 million under section 12 of the Appropriation Act (No. 2) 2024‑2025, regardless of amounts that have already been determined under that section.
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 12 of the Appropriation Act (No. 2) 2024‑2025 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.
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