Northern Territory Consolidated Acts Northern Territory Consolidated Acts43. Annual budget and expenditure
(1) In each financial year, the Council must -
(a) adopt a budget for the funds of the Institute, except those to which paragraphs (d) and (e) relate, for the next financial year;
(b) approve any amendments to the budget for the current financial year;
(c) control the expenditure of the Institute during the current financial year so that it conforms as nearly as possible to the budget (as amended) for the financial year;
(d) review the funds available to the Institute by way of bequest, donation or special grant and the expenditure of those funds; and
(e) subject to the terms of a trust and before any expenditure is made, approve the proposed disposition of the funds referred to in paragraph (d).
(2) As soon as reasonably possible after adopting or amending a budget under subsection (1)(a) or (b), the Council must forward a copy of the budget or amendment to the Treasurer.