Local Government Act 1993 Local Government (Financial Management) Amendment (Accounts) Regulation 1998 (1998-693) [GG No 176 of 18.12.1998, p 9757] (NSW)

1998 No 693

New South Wales

Local Government (Financial Management) Amendment (Accounts) Regulation 1998

under the

Local Government Act 1993

His Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Local Government Act 1993.

ERNIE PAGE, M.P.,
Minister for Local Government

Explanatory note

The object of this Regulation is to require a council to operate a separate account wi th in its consolidated fund showing credits, debits and balances for any money that has been received as rents, profits or other proceeds from a lease, licence or other estate granted in respect of community land.

This Regulation is made under section 409 (3) (d) of the Local Government Act 1993 (inserted by the Local Government Amendment (Community Land Management Act 1998) and section 738 (the general regulation-making power).

Published in Gazette No 176 of 18 December 1998, page 9757 Page 1

1998 No 693

Clause 1	Local Government (Financial Management) Amendment (Accounts) Regulation 1998
Name of Regulation

This Regulation is the Local Government (Financial

Management) Amendment (Accounts) Regulation 1998.

Commencement

This Regulation commences on 1 January 1999

Amendment of Local Government (Financial Management)

Regulation 1993

The Local Government (Financial Management) Regulation

1993 is amended as set out in Schedule 1 .

Notes

The explanatory note does not form part of this Regulation.

1998 No 693

Local Government (Financial Management) Amendment (Accounts) Regulation 1998

Amendments Schedule 1

(Clause 3)

Clause 11 Council to keep a separate account of certain money forming part of its consolidated fund

Insert after clause 11 (1) (c):

(c 1) money referred to in section 409 (3) (d) of the Act.

Clause 11, note

Omit "and (c)". Insert instead “, (c) a n d (d)".

Clause 11, note

Insert after paragraph (c):

, a n d

(d) money that has been received as rents, profits or other proceeds from a lease, licence or other estate granted in respect of community land.