Australian Capital Territory Consolidated Acts

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FINANCIAL MANAGEMENT ACT 1996 - SECT 9

Net appropriations for outputs

    (1)     An appropriation for the provision of outputs may be expressed to be made for the net cost of providing the outputs.

    (2)     Despite section 6, if an appropriation for a directorate is stated to be made for the net cost of providing outputs, the directorate may apply the following in paying the expenses and liabilities of the directorate in providing the outputs:

        (a)     the payments it is entitled to receive otherwise than under an Appropriation Act for providing the outputs;

        (b)     the value of the input tax credits to which it is entitled for taxable supplies in relation to providing the outputs.

    (3)     To remove any doubt, it is declared that, if the appropriations made by an Appropriation Act for a directorate do not state an amount, or state an ‘0' appropriation, for the provision of outputs by the directorate, the appropriations have effect as if they included an appropriation stated to be made for the provision of outputs by the directorate at no net cost to the Territory.



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