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Part 3—Advance to the Finance Minister

Part 3 Advance to the Finance Minister

   

10   Advance to the Finance Minister

             (1)  If the Finance Minister determined an amount under subsection 10(2) of the Appropriation Act (No. 1) 2017-2018 before the commencement of this Act, the amount is to be disregarded for the purposes of subsection 10(3) of that Act.

Note:          This means that, after the commencement of this Act, the Finance Minister has access to $295 million under section 10 of the Appropriation Act (No. 1) 2017-2018 , regardless of amounts that have already been determined under that section.

             (2)  If:

                     (a)  this Act appropriates an amount for particular expenditure; and

                     (b)  before the commencement of this Act, the Finance Minister determined an amount (the advanced amount ) under section 10 of the Appropriation Act (No. 1) 2017-2018 for the expenditure;

the amount appropriated by this Act for the expenditure is taken to be reduced (but not below nil) by the advanced amount.