Australian Capital Territory Consolidated Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 13

    (1)     The Treasurer must, on the presentation of a bill for an Appropriation Act other than the first Appropriation Act relating to a financial year, present to the Legislative Assembly supplementary budget papers.

    (2)     The supplementary budget papers must, for each directorate, territory authority and territory-owned corporation for which an appropriation is provided by the bill (an "affected entity")—

        (a)     state, for each purpose mentioned in section 8 that applies to the affected entity—

              (i)     the amount of the appropriation provided in the first Appropriation Act ; and

              (ii)     the variations (if any) previously made to the appropriation under this Act; and

              (iii)     the amount of the appropriation provided by the bill; and

              (iv)     the total amount appropriated for the entity for the financial year; and

        (b)     indicate the impact of the proposed variation.

    (3)     For subsection (2) (b), the supplementary budget papers need not include an original or final budgeted financial statement (a budgeted statement ) for an affected entity.

    (4)     If the supplementary budget papers do not include a budgeted statement for an affected entity—

        (a)     the supplementary budget papers must state the reasons why the budgeted statement for the entity is not included; and

        (b)     the Treasurer must present the budgeted statement for the entity to the Legislative Assembly as soon as practicable after the passing of the bill.

    (5)     A budgeted statement for an affected entity—

        (a)     must include details of the impact on the budget of the entity of all variations to the appropriation that happened in the financial year before the passing of the bill; and

        (b)     may show the impact of variations other than variations resulting from additional appropriations.

Example for par (b)

the impact of revised economic forecasts

Note     An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).