New South Wales Consolidated Acts

PUBLIC FINANCE AND AUDIT ACT 1983 - SECT 58E

58E Tax-equivalents to be credited to Consolidated Fund

(1) Amounts paid by a statutory body as tax-equivalents under this Part are to be credited to the Consolidated Fund.

(2) Despite any other Act, the Treasurer may, in relation to a payment by a statutory body under this Part, make any one or more of the following determinations:

(a) that the payment is taken to be payment or part payment of another amount, specified by the Treasurer, which the statutory body is required to pay to the Treasurer,

(b) that the payment is to be paid in addition to any other amount which the statutory body is required to pay to the Treasurer,

(c) that the payment is taken to be an obligation of the statutory body under the Act by which the statutory body is constituted.

(3) Subject to subsection (2), the Treasurer, or the Chief Commissioner of State Revenue, may refund any amount paid in excess of a statutory body’s liability to pay a tax-equivalent. The Consolidated Fund is appropriated to the extent necessary to enable such refunds.