Victorian Consolidated Legislation

Financial Management Act 1994 - SECT 29

Appropriation of certain revenue and asset proceeds

29. Appropriation of certain revenue and asset proceeds



(1) This section applies if a Schedule to an appropriation Act provides that
this section applies in relation to an item in respect of a department set out
in that Schedule.



(2) If this section applies-

   (a)  revenue receivable-

   (i)  from the provision of outputs by the department; or

   (ii) by way of specific purpose payment by the Commonwealth; or

   (iii) by way of specific purpose payment by a municipal council; or

   (b)  proceeds received from the disposal of assets shown in the accounts of
        the department-

may be credited to the item to the extent, and on the conditions, agreed
between the Minister administering this section and the Minister responsible
for the administration of the item.

(3) For the purposes of subsection (2)-

   (a)  an amount equal to an amount credited under that subsection is deemed
        to have been appropriated for the purposes of the item; and

   (b)  the Minister may issue that amount out of the Consolidated Fund and
        apply it accordingly.