Advance to the Finance Minister – section 12 of Appropriation Act (No. 2) 2002-2003 (No. 2 of 2002-2003)

Overview

The Legislative Instrument F2007B00888 pertains to a legislative adjustment in appropriation, specifically the increase of funding for certain appropriation items as outlined in the Appropriation Act (No. 2) 2002-2003. Enacted to address the need for reallocating funds to ensure effective government spending and taxation arrangements, the Act was introduced by the Parliament of Australia. The objective was to provide the necessary financial resources to the Department of the Treasury and facilitate the specific payments to the States and Territories. This legislative instrument was implemented by Phil Bowen, the General Manager of the Budget Group in the Department of Finance and Administration, in accordance with the provisions of Section 12 of the Appropriation Act (No. 2) 2002-2003, and it became effective on 2 December 2002.

Scope and Application

The legislative instrument F2007B00888 pertains to the appropriation of funds under the Appropriation Act (No. 2) 2002-2003, specifically targeting the Department of the Treasury. This instrument, issued by Phil Bowen, General Manager of the Budget Group within the Department of Finance and Administration, is an administrative action taken pursuant to Section 12 of the Appropriation Act (No. 2) 2002-2003. The primary objective of this instrument is to adjust the appropriation item listed in the specified column for the agency mentioned, thereby increasing the allocated funds by a precise amount as detailed. This adjustment is aimed at facilitating effective government spending and ensuring that taxation arrangements are properly funded, thereby maintaining fiscal stability and governance within the Commonwealth of Australia. This legislative instrument applies directly to the Commonwealth level, influencing the budgetary allocations of federal entities, particularly the Department of the Treasury, without extending its reach to state or territory governments, nor does it specify any exclusions, exemptions, or thresholds in this particular instance.

Key Provisions

The legislative instrument (F2007B00888) under Section 12 of the Appropriation Act (No. 2) 2002-2003 specifies that the appropriation item for the Department of the Treasury is to be increased by $1,413,460. This determination is made by Phil Bowen, the General Manager of the Budget Group within the Department of Finance and Administration. The appropriation in question pertains to 'Specific Payments to the States and Territories' under the category 'Effective government spending and taxation arrangements'. This adjustment to the budget allocation is effective from the date of the instrument, 2 December 2002. In terms of obligations and requirements, the Act mandates that the appropriation item for the specified department and purpose be increased by the designated amount. This adjustment must be implemented in accordance with the provisions of the Appropriation Act (No. 2) 2002-2003 and any related financial regulations. The General Manager, Budget Group, has the authority to determine such changes, ensuring that the allocation reflects the financial needs and priorities as identified within the legislative framework. The legislative instrument does not explicitly detail offences, penalties, or consequences for non-compliance with its provisions. However, the context of the Appropriation Act (No. 2) 2002-2003 implies that failure to adhere to the specified budget allocations could lead to broader financial and administrative repercussions. This might include scrutiny by parliamentary committees, potential audits, or other corrective measures mandated by the government. While the specific penalties are not detailed in this instrument, they would typically align with the administrative and financial governance practices of the time, which may involve significant administrative or financial consequences for the responsible parties.