Appropriation (1995-96 Debt Retirement) Act 1996 (NSW)

New South Wales

Appropriation (1995–96 Debt

Retirement) Act 1996 No 51

Contents

Page

1 Name of Act	2
2 Commencement	2
3 Appropriation	2
4 Operation of Act	2

New South Wales

Appropriation (1995–96 Debt

Retirement) Act 1996 No 51

Act No 51, 1996

An Act to appropriate an additional amount out of the Consolidated Fund for the year 1995–96 for the purpose of retiring budget sector debt. [Assented to 28 June 1996]

Section 1 Appropriation (1995–96 Debt Retirement) Act 1996 No 51

The Legislature of New South Wales enacts:

1 Name of Act

This Act is the Appropriation (1995–96 Debt Retirement) Act

1996.

2 Commencement

This Act is taken to have commenced on 19 December 1995, which is the date of commencement of the Appropriation Act 1995.

3 Appropriation

(1)

The sum of $1,350,000,000 is hereby appropriated out of the Consolidated Fund for payment to the Treasurer for capital works and services for the year 1995–96, which sum may be issued and applied for the program referred to in subsection (2) for the purpose of retiring debt, in addition to any other sums that have been appropriated.

(2)

The program is the program numbered 68.1.1 in the Budget Paper entitled Budget Estimates 1995–96, as shown under the following headings:

68	Crown Transactions
68.1	Service-wide Payments and Services

68.1.1 Debt Servicing Costs

(3)

The Treasurer may amend the appropriate payments estimates for the year 1995–96 to take into account the appropriation provided for by this Act.

4 Operation of Act

(1)	This Act is to be construed as if i t formed part of the Appropriation Act 1995.
(2)	This Act is an Appropriation Act for the purposes of section 21A of the Public Finance and Audit Act 1983.
Appropriation (1995–96 Debt Retirement) Act 1996 No 51	Section 4

(3) The issue and payment before the date of assent to this Act out of the Consolidated Fund of the whole or any part of the sum appropriated by this Act is validated. This subsection applies whether this Act is assented to during or after the year 1995–96.

[Minister’s second reading speech made in—

Legislative Assembly on 21 May 1996 Legislative Council on 26 June 1996]