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Title

Part 3—Advance to the Finance Minister

Database

Bills & Legislation

Long Title

a Bill for an Act to appropriate additional money out of the Consolidated Revenue Fund for certain expenditure, and for related purposes

Date

23-03-2020 10:42 AM

Source

House of Reps

Parl No.

46

Bill Number

13/20

Bill Type

Government

Portfolio

Finance

Reps Bill Code

TM

Status

Act

System Id

legislation/bills/r6495_aspassed/0003


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Part 3—Advance to the Finance Minister

Part 3 — Advance to the Finance Minister

   

12   Advance to the Finance Minister

             (1)  If the Finance Minister determined an amount under subsection 12(2) of the Appropriation Act (No. 2) 2019-2020 or subsection 12(2) of the Supply Act (No. 2) 2019-2020 before the commencement of this Act, the amount is to be disregarded for the purposes of subsections 12(3) of those Acts.

Note:          This means that, after the commencement of this Act, the Finance Minister has access to $380 million under section 12 of the Appropriation Act (No. 2) 2019-2020 , 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 12 of the Appropriation Act (No. 2) 2019-2020 or section 12 of the Supply Act (No. 2) 2019-2020 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.