Treasurer's Advance Authorisation Act 1990 (WA)

WESTERN AUSTRALIA

TREASURER'S ADVANCE

AUTHORISATION ACT

No. 4 of 1990

AN ACT to declare the purposes for which the Treasurer's Advance Account may be applied and to specify a limit for the advances that may be authorized from that account in the financial year commencing on 1 July 1990.

[Assented to 5 July 19901

The Parliament of Western Australia enacts as follows:

Short title

1.    This Act may be cited as the Treasurer's Advance Authorisation

Act 1990.

Commencement

2.    This Act shall come into operation on 1 July 1990.

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Interpretation

3.    In this Act, unless the contrary intention appears

"General Loan and Capital Works Fund" means the Fund of that name referred to in section 7 of the Financial Administration and Audit Act 1985;

"local government authorities" means the councils of municipalities constituted under the Local Government Act 1960;

"public authorities" means the Governor in Executive Council, Ministers of the Crown in right of the State, Government Departments, State trading concerns, State instrumentalities, State agencies, and public statutory bodies, corporate or unincorporate, established by or under a law of the State;

"Public Bank Account" means the Account of that name referred to in section 19 of the Financial Administration and Audit Act 1985;

"Treasurer" means the Treasurer of the State;

"Treasurer's Advance Account" means the Account of that name referred to in section 8 of the Financial Administration and Audit Act 1985; and

"Trust Fund" means the Fund of that name referred to in section

9 of the Financial Administration and Audit Act 1985.

Treasurer's Advance Authorisation for 1990-91

4.

(1) The Treasurer is authorized during the financial year commencing on 1 July 1990 to withdraw sums not exceeding $180 000 000 from the Public Bank Account for the purpose of making advances charged to the Treasurer's Advance Account.

(2) In calculating for the purposes of subsection (1) the aggregate of

sums that have been withdrawn from the Public Bank Account at

1990] Treasurer's Advance Authorisation Act [No. 4

any point of time in the financial year commencing on 1 July 1990, no account shall be taken of so much of any sum advanced that has been recouped in that financial year.

Authorized purposes of Treasurer's advances

5. (1) Subject to the Financial Administration and Audit Act 1985, the Treasurer shall apply the sums withdrawn from the Public Bank Account under section 4 (1) in the financial year commencing on 1 July 1990 for the following purposes

(a) to make payments of an extraordinary or unforeseen nature chargeable against-

(i)     the Consolidated Revenue Fund; or

(ii)    the General Loan and Capital Works Fund,

with such expenditures to be charged in that year against the Consolidated Revenue Fund or the General Loan and Capital Works Fund, as the case may require, and to be subsequently submitted to Parliament for appropriation against the Consolidated Revenue Fund or the General Loan and Capital Works Fund;

(b) to make advances, on such terms as the Treasurer thinks fit,

for the temporary financing of works and services of the

State or to officers of public authorities including advances-

(i) to public authorities;

(ii)    to accounts forming part of the Trust Fund;

or

(iii) for the purchase of stores,

with such advances to be recouped by charging the specific appropriation of Parliament applicable thereto with the expenditure on those works or services or by recovering the advances from the Trust Fund Accounts or from the officers of public authorities to or on whose account the advances were made;

No. 4] Treasurer's Advance Authorisation Act [1990

(c) to make advances, on such terms as the Treasurer thinks fit, for the temporary financing of works and services undertaken in conjunction with, or on behalf of, other Commonwealth, State or Territory Governments, local government authorities or persons, or by those Governments, authorities or persons on behalf of the State, which such advances to be recovered from the Governments, authorities or persons to or on whose account the advances were made.

(2) The terms of an advance under subsection (1) (b) or (c) may include an obligation to pay interest on the advance at a rate determined by the Treasurer and any such interest received shall be credited to the Consolidated Revenue Fund.