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This is a Bill, not an Act. For current law, see the Acts databases.
FINANCIAL MANAGEMENT AMENDMENT BILL 2004
2004
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Treasurer)
Financial Management
Amendment Bill 2004
A Bill for
An Act to amend the
Financial Management Act
1996
The Legislative Assembly for the Australian Capital Territory enacts as
follows:
1 Name of Act
This Act is the Financial Management Amendment Act 2004.
2 Commencement
This Act commences on the day after its notification day.
Note The naming and commencement provisions automatically commence
on the notification day (see Legislation Act, s 75 (1)).
3 Legislation amended
This Act amends the Financial Management Act 1996.
4 Amendment of budgets on transfer of functions
between departments
Section
16A
omit
5 New section 19F
insert
19F Amendment of budgets
(1) If a variation is made in relation to an appropriation for a
department for a financial year under section 14 (1), 15 (1), 15A (1) or (2),
16, 17 (2) or 17A (2), the Treasurer must, in writing, amend the budget for
the department for the financial year to show the effects of the
variation.
(2) If funds are provided to a department for a financial year under
section 18 (1) or section 19B, the Treasurer must, in writing, amend the budget
for the department for the financial year to show the effects of the provision
of the funds.
Note A budget may also be amended under section 13A.
(3) The budget for a department for a financial year may be amended under
this section—
(a) at the time of the variation in relation to the appropriation or the
provision of funds; or
(b) at a later time.
(4) If the Treasurer amends the budget for a department for a financial
year under this section, the Treasurer must, within 3 sitting days after the day
on which the amendment is made, present to the Legislative Assembly a statement
of the amendments made.
(5) The financial management guidelines may prescribe the way in which a
budget for a department may be amended under this section.
Note Amendments of a budget may be included in the same instrument
as amendments of financial targets under section 19E (see Legislation
Act, s 49).
(6) In this section:
budget, for a department for a financial year, means the
budget for the department for the year presented to the Legislative Assembly
under section 10 (b) (Budget papers) or, if that budget has been amended under
this Act, the budget as amended.
Endnotes
1 Presentation speech
Presentation speech made in the Legislative Assembly on 2004.
2 Notification
Notified under the Legislation Act on 2004.
3 Republications of amended laws
For the latest republication of amended laws, see
www.legislation.act.gov.au.
© Australian Capital Territory
2004
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