Requirement for, and approval of, funding proposal
260C Requirement for, and approval of, funding proposal
The chief executive officer must—
prepare a funding proposal for the additional funding; and
give the funding proposal to the relevant portfolio committee and a copy of the proposal to the Minister.
Within the period stated in subsection (3), the relevant portfolio committee must review the chief executive officer’s funding proposal and give the Minister a report approving 1 of the following—
the chief executive officer’s funding proposal;
a funding proposal for a different amount or a different purpose, or both;
a proposal that provides for no additional funding for the commission.
For subsection (2), the period is—
20 business days after the relevant portfolio committee receives the chief executive officer’s funding proposal; or
if, in the circumstances, the Treasurer decides the approval of a proposal under subsection (2) is required within a shorter period and has notified the relevant portfolio committee of the shorter period and the reasons for the shorter period—the shorter period.
Example for paragraph (b)—
The Treasurer may decide the approval of a proposal under subsection (2) is required within a shorter period so the Minister’s response to the proposal can be considered in the preparation of the State budget.
The relevant portfolio committee must prepare the report under subsection (2) in consultation with the appropriate officers of Queensland Treasury.
If the relevant portfolio committee does not give the Minister a report under subsection (2) within the period stated in subsection (3), the committee is taken to have approved the chief executive officer’s funding proposal.
In this section—
Queensland Treasury means the department in which the Financial Accountability Act 2009 is administered.
This Act’s bill:Explanatory memorandum
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