Commonwealth Consolidated Acts

FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 - SECT 6

                   If:

                     (a)  either:

                              (i)  an Agency makes a notional payment to another Agency; or

                             (ii)  one part of an Agency makes a notional payment to another part of that Agency; and

                     (b)  the transaction would involve the debiting of an appropriation if the notional payment were a real payment;

then:

                     (c)  this Act applies in relation to the notional payment as if it were a real payment; and

                     (d)  this Act applies in relation to the notional receipt of the notional payment as if it were a real receipt.

Note:          This section applies to transactions that do not actually involve payments or receipts, because the parties to the transaction are merely parts of the Commonwealth, or acting as agents for the Commonwealth. For example, Agency 1 "pays" Agency 2 for services provided by Agency 2. One of the effects of this section is that a drawing right under section 27 will be required for the transaction.