Increase or replenishment of Treasurer's Advance
19 Increase or replenishment of Treasurer's Advance
(1) If, because of reasons provided by the Treasurer, the Administrator is satisfied funds available in the Central Holding Authority will be in excess of requirements (excess funds) for a financial year, the Administrator may increase the appropriation to the Treasurer's Advance for the financial year.
(1A) The amount of the increase for the financial year must not be more than the lesser of the following:
the amount of excess funds;
(b) 5% of the total of appropriations provided by Appropriation Acts for the financial year (other than appropriations for a Purpose designated as Commonwealth).
(2) The appropriation to the Treasurer's Advance may be increased in the course of a financial year by a transfer in accordance with section 20.
(3) The appropriation to the Treasurer's Advance may be replenished in the course of a financial year by the writing back to the Treasurer's Advance of amounts previously transferred to a Purpose and no longer required.
(4) Where an increase in the appropriation to the Treasurer's Advance has been made under subsection (1), the Treasurer shall table in the Legislative Assembly, within 6 sitting days of the Assembly after the increase is made, a statement setting out:
(a) the reasons given to the Administrator and referred to in that subsection; and
the amount by which the Treasurer's Advance has been increased.
This Act’s bill:Second reading speech
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