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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)  This section applies if the Finance Minister is satisfied that there is an urgent need for expenditure, in the current year, that is not provided for, or is insufficiently provided for, in Schedule 1:

                     (a)  because of an erroneous omission or understatement; or

                     (b)  because the expenditure was unforeseen until after the last day on which it was practicable to provide for it in the Bill for this Act before that Bill was introduced into the House of Representatives.

             (2)  This Act has effect as if Schedule 1 were amended, in accordance with a determination of the Finance Minister, to make provision for so much (if any) of the expenditure as the Finance Minister determines.

             (3)  The total of the amounts determined under subsection (2) cannot be more than $24,000 million.

             (4)  A determination made under subsection (2) is a legislative instrument, but neither section 42 (disallowance) nor Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 applies to the determination.

Advances to be deducted from amount available for 2020-2021

             (5)  If the Finance Minister determines an amount (the advanced amount ) under subsection (2), the amount specified in subsection 12(3) of the Supply Act (No. 2) 2020-2021 is taken to be reduced (but not below nil) by the advanced amount.