(1) As soon as practicable after the commencement of each financial year, the
Minister must prepare and, subject to the Treasurer's agreement, adopt an
update of SES funding for the financial year (the
"SES funding amount" ).
(2) The SES funding amount is the estimated SES
expenditure for the financial year (that is, EE t in the SES funding target
for the financial year), adjusted and updated in accordance with this section.
(3) Estimated SES expenditure is to be adjusted for the purposes of the
SES funding amount so that the estimate--
(a) is reduced or increased, as
appropriate, for any difference between the estimate of SES expenditure for
the financial year, as adopted in the SES funding target, and an updated
estimate of that amount, and
(b) is reduced or increased, as appropriate, for
any difference between the SES funding amount for the previous financial year
and the actual amount of SES expenditure for that financial year.
(4) Without
limiting subsection (3), the Minister may, with the Treasurer's agreement,
decide that adjustments are not to be made to the SES funding amount in
respect of--
(a) any surplus in the Fund at the end of the previous financial
year, or
(b) certain money paid into the Fund, or
(c) certain amounts it is
estimated will be paid to the State Emergency Service for the financial year.
(5) An adjustment to the estimated SES expenditure that is made under this
section has no effect on, and is not to be used in the calculation of, the SES
funding target for a financial year.
