Victorian Consolidated Legislation

Financial Management Act 1994 - SECT 17

How money is to be issued

17. How money is to be issued



(1) Public money forming part of the Consolidated Fund may be drawn from the
Public Account only in accordance with this section.

(2) The Minister, as often as occasion may require during a financial year,
must-

   (a)  calculate the amount of public money likely to become due and payable
        out of the Public Account during that financial year; and

   (b)  must prepare an instrument in the form in Schedule 1 or to the like
        effect specifying that amount; and

   (c)  must sign the instrument and give it to the Auditor-General.

(3) The instrument, when countersigned by the Auditor-General and approved by
the Governor, is the warrant enabling the Minister to order the drawing of
money from the Public Account.

(4) Before countersigning the instrument, the Auditor-General must ascertain
that the sums mentioned in it are then legally available and, after
countersigning the instrument, the Auditor-General must return it to the
Minister, who must submit it to the Governor for approval and signature, and
then file the instrument.