Definitions
3 Definitions
In this Act:
acquisition has the same meaning as in the GST Act.
administered assets and liabilities item means an amount set out in Schedule 2 in relation to a non‑corporate entity opposite the heading “Administered Assets and Liabilities”.
administered item means an amount set out in Schedule 2 opposite an outcome for a non‑corporate entity under the heading “New Administered Outcomes”.
Appropriation Act (No. 2) 2025‑2026 means the Act (if any) with that name passed by the 47th Parliament.
Appropriation Bill (No. 2) 2025‑2026 means the Bill with that name introduced into the 47th Parliament.
corporate entity means:
a corporate Commonwealth entity within the meaning of the Public Governance, Performance and Accountability Act 2013; or
a Commonwealth company within the meaning of that Act.
corporate entity item means the amount set out in Schedule 2 in relation to a corporate entity under the heading “Non‑operating”.
current year means the financial year ending on 30 June 2026.
expenditure means payments for expenses, acquiring assets, making loans or paying liabilities.
Finance Minister means the Minister administering this Act.
GST Act means the A New Tax System (Goods and Services Tax) Act 1999, as it applies because of Division 177 of that Act.
Under Division 177 of the GST Act, that Act applies notionally to the Commonwealth and Commonwealth entities. They are therefore notionally liable to pay GST, are notionally entitled to input tax credits and notionally have adjustments.
GST qualifying amount means:
an input tax credit (within the meaning of the GST Act); or
a decreasing adjustment (within the meaning of the GST Act).
importation has the same meaning as in the GST Act.
item means any of the following:
a State, ACT, NT and local government item;
an administered item;
an administered assets and liabilities item;
an other departmental item;
a corporate entity item.
non‑corporate entity means:
a non‑corporate Commonwealth entity within the meaning of the Public Governance, Performance and Accountability Act 2013; or
the High Court.
other departmental item means an amount set out in Schedule 2 in relation to a non‑corporate entity opposite the heading “Equity Injections”.
Portfolio Budget Statements means the Portfolio Budget Statements tabled in the Senate or the House of Representatives in relation to the Appropriation Bill (No. 2) 2025‑2026.
portfolio statements means the Portfolio Budget Statements.
special account has the same meaning as in the Public Governance, Performance and Accountability Act 2013.
State, ACT, NT and local government item means an amount set out in Schedule 2 opposite an outcome for a non‑corporate entity under the heading “Payments to States, ACT, NT and local government”.
To avoid doubt, for the purposes of other laws this Act is to be treated as an Appropriation Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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