Appropriations, transfer of to suspense account in certain cases
26 Appropriations, transfer of to suspense account in certain cases
In this section —
operating account means an agency special purpose account established for the purposes of the operations of the agency;
relevant commitment means —
a commitment relating to salaries, wages, superannuation, leave or depreciation that is relevant to the financial year referred to in subsection (2); or
any other commitment prescribed by the Treasurer’s instructions that is relevant to the financial year referred to in subsection (2).
The Treasurer may direct that an appropriation by an Appropriation Act for a financial year may be transferred to a suspense account to the extent necessary to meet a relevant commitment, and such a transfer is taken to be a payment correctly chargeable against that appropriation for that financial year.
Money standing to the credit of a suspense account under subsection (2) may only be —
transferred when it needs to be applied for any relevant commitment; or
credited to the relevant operating account at the time or times directed by the Treasurer.
Despite subsection (3), the Treasurer may at any time direct that all or part of the money standing to the credit of a suspense account under subsection (2) be credited to the Consolidated Account.
[Section 26 amended: No. 12 of 2021 s. 6.]
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