Treasurer's Advance Authorization Act 1999 (WA)

Western Australia

Treasurer's Advance Authorization Act

1999

No. 23 of 1999

An Act to authorize the Treasurer to make certain payments and advances and to specify a limit for the payments and advances so authorized for the financial year commencing on 1 July 1999 and to

amend the Treasurer's Advance Authorization Act 1998.

[Assented to 24 June 1999]

The Parliament of Western Australia enacts as follows:

1.             Short title

This Act may be cited as the Treasurer's Advance Authorization

Act 1999.

Treasurer's Advance Authorization Act 1999

s. 2

2.             Commencement

This Act comes into operation on the day on which it receives the Royal Assent.

3.             Interpretation

In this Act, unless the contrary intention appears 

“Consolidated Fund” means the Fund of that name established by section 64 of the Constitution Act 1889 and referred to in section 6 of the Financial Administration and Audit

Act 1985;

“existing works and services advance” means so much of any

advance made before 1 July 1999 under an enactment corresponding to section 5(1)(b) or (c) as has not been recouped or recovered before 1 July 1999.

“local governments” means local governments or regional

local governments established under the Local Government

Act 1995;

“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;

“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 Authorization Act 1999

s. 4

4.             Treasurer's Advance Authorization for 1999-2000

(1)

During the financial year commencing on 1 July 1999 the

Treasurer is authorized to make payments or advances under

this Act but the aggregate of —

(a)	the payments and advances made; and
(b)	any existing works and services advances,

is not to exceed $300 000 000.

(2) In calculating the aggregate mentioned in subsection (1) at any point of time in the financial year commencing on 1 July 1999, no account shall be taken of so much of —

(a)	any advance under section 5(1)(b) or (c); or
(b)	any existing works and services advance,

as has been recouped or recovered in that financial year.

5.             Purposes for which money can be paid or advanced

(1)

Subject to the Financial Administration and Audit Act 1985 and

section 4(1), the Treasurer may in the financial year

commencing on 1 July 1999 —

(a)	make payments of an extraordinary or unforeseen nature in anticipation of, or in addition to, the relevant appropriations by Parliament, with such expenditure to be charged in that financial year to the Consolidated Fund and to be subsequently submitted to Parliament for appropriation from the Consolidated Fund;
(b)	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;

No. 23 of 1999

Treasurer's Advance Authorization Act 1999

s. 6

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

(iii)      for the purchase of stores,

with such advances to be charged in that financial year to the Treasurer’s Advance Account and 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

public authorities, Trust Fund accounts or officers of

public authorities to or on whose account the advances

were made; and

(c) 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

governments or persons, or by those Governments, local governments or persons on behalf of the State, with such advances to be charged in that financial year to the

Treasurer's Advance Account and to be recovered from the Governments, local governments 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 Fund.

6.             Crediting of amounts recouped or recovered

There shall be credited to the Treasurer’s Advance Account —

(a) any portion of an advance under section 5(1)(b) or (c) that is recouped or recovered under section 5(1)(b) or (c); and

Treasurer's Advance Authorization Act 1999

s. 7

(b) any portion of an existing works or services advance that is recouped or recovered under an enactment corresponding to section 5(1)(b) or (c).

7. Section 4 of Treasurer’s Advance Authorization Act 1998 amended

Section 4(1) of the Treasurer’s Advance Authorization Act

1998* is amended by deleting “$300 000 000” and substituting

the following —

“ $460 000 000 ”.

[*Act No. 16 of 1998]

No. 23 of 1999