Appropriation Bill 2003

Explanatory note
This explanatory note relates to this Bill as introduced into Parliament.

The following Bills are cognate with this Bill:

• Appropriation (Parliament) Bill 2003
• Appropriation (Special Offices) Bill 2003
• State Revenue Legislation Amendment Bill 2003

Overview of Bill

The object of this Bill is to appropriate various sums of money required for the
recurrent services and capital works and services of the Government during the
2003–04 financial year.

The Bill relates to appropriations from the Consolidated Fund—the principal
account of the Government for General Government Budget Dependent
transactions. The Consolidated Fund could be considered as the “public purse”
and largely comprises receipts from, and payments out of, taxes, fines, some
regulatory fees, Commonwealth grants and income from Crown assets.

In addition to allocations from the Consolidated Fund, most General
Government Budget Dependent agencies would have other sources of moneys
available to them. These moneys could arise from user charges, retention of asset
sale proceeds, industry contributions, etc. These are not appropriated by
Parliament as they are not in the nature of taxes or other mandatory levies for
which a service is not provided in return for payment.

Note: If this Bill is not modified, these Explanatory Notes would reflect the Bill as passed in the House. If the Bill has been amended by Committee, these Explanatory Notes may not necessarily reflect the Bill as passed.

 

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