Financial Management Amendment Act 2004 (ACT)

Financial Management Amendment Act 2004

A2004-19

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.

   NoteThe 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

19FAmendment 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.

NoteA 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 4 March 2004.

2. Notification

   Notified under the Legislation Act on 6 April 2004.

3. Republications of amended laws

   For the latest republication of amended laws, see certify that the above is a true copy of the Financial Management Amendment Bill 2004 which was passed by the Legislative Assembly on 30 March 2004.

   Clerk of the Legislative Assembly

   © Australian Capital Territory 2004