Northern Territory Consolidated Acts

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FINANCIAL MANAGEMENT ACT - SECT 19A

Increase of funds available from Commonwealth

    (1)     This section applies if the Treasurer is satisfied:

        (a)     funds available in the Central Holding Authority for a financial year have been or will be increased under an Act of the Commonwealth or an arrangement between the Territory and the Commonwealth; and

        (b)     the amount of the increase ( increased funds ) must be used in accordance with the Act or arrangement.

    (2)     The Treasurer may, by written notice, authorise the issue of all or part of the amount of the increased funds so the amount to be issued is used in accordance with the Act or arrangement for the following:

        (a)     a Purpose designated as Commonwealth in an existing appropriation for which the amount of appropriation is to be increased;

        (b)     something that is a Purpose designated as Commonwealth in the notice.

    (3)     The total of amounts authorised to be issued under subsection (2) in a financial year must not be more than the amount of increased funds for the financial year.

    (4)     The appropriation for an amount authorised to be issued under subsection (2) is established or increased to the extent necessary.

    (5)     The Treasurer must table in the Legislative Assembly, within 6 sitting days after the date of a notice under subsection (2), a copy of the notice and a statement about any issue under the notice.

    (6)     In this section:

"increased" includes varied.



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