Finance and audit
24 Finance and audit
The funds available to the Tribunal to enable it to perform its functions are —
moneys from time to time appropriated by Parliament; and
moneys derived from the performance of its functions; and
moneys payable in accordance with subsection (4); and
other moneys made available to the Tribunal or to which it becomes entitled.
The Registrar, before the end of each financial year, shall —
make an estimate of the total anticipated cost of the operations of the Tribunal for the ensuing financial year of the Tribunal; and
submit that estimate, adjusted in accordance with subsection (3), to the Minister for approval.
The estimate submitted under subsection (2)(b) shall be adjusted —
to include the amount, if any, by which the amount paid by RWWA under subsection (4) in respect of the previous financial year, fell short of the actual total cost of the operations of the Tribunal for that financial year; or
to exclude the amount, if any, by which the amount paid by RWWA under subsection (4) in respect of the previous financial year, exceeded the actual total cost of the operations of the Tribunal for that financial year,
as the case requires.
The amount representing the estimate approved by the Minister under subsection (2) shall be —
deducted by RWWA from the moneys that, but for section 106(1)(h) of the RWWA Act, would otherwise be available to be paid or credited to racing clubs by RWWA under section 106 of the RWWA Act; and
paid by RWWA to the Tribunal.
[(5)-(7) deleted]
One or more accounts are to be established in respect of the funds of the Tribunal —
as agency special purpose accounts under section 16 of the Financial Management Act 2006; or
with the approval of the Treasurer, at a bank as defined in section 3 of that Act,
to which all amounts received by the Tribunal are to be credited and all expenditure charged.
The provisions of the Financial Management Act 2006 and the Auditor General Act 2006 regulating the financial administration, audit and reporting of statutory authorities apply to and in respect of the Tribunal and its operations.
The financial year of the Tribunal that —
began on 1 August 2006; and
would have ended on 31 July 2007 in accordance with this subsection, as in force immediately before the commencement of the Racing and Wagering Legislation Amendment Act 2007 section 7,
is to be taken to have ended on 30 June 2007.
[Section 24 amended: No. 11 of 1992 s. 71; No. 49 of 1996 s. 59; No. 35 of 2003 s. 189; No. 28 of 2006 s. 407; No. 77 of 2006 Sch. 1 cl. 143(2)‑(4); No. 2 of 2007 s. 7; No. 37 of 2018 s. 77.]
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