FINANCIAL MANAGEMENT ACT 2006 - SECT 26
FINANCIAL MANAGEMENT ACT 2006 - SECT 26
26 . Appropriations, transfer of to suspense account in certain cases
(1) In this section
—
operating account means an agency special purpose
account established for the purposes of the operations of the agency;
relevant commitment means —
(a) a
commitment relating to salaries, wages, superannuation, leave or depreciation
that is relevant to the financial year referred to in subsection (2); or
(b) any
other commitment prescribed by the Treasurer’s instructions that is
relevant to the financial year referred to in subsection (2).
(2) The Treasurer may
direct that an appropriation by an Appropriation Act for a financial year may
be transferred to a suspense account to the extent necessary to meet a
relevant commitment, and such a transfer is taken to be a payment correctly
chargeable against that appropriation for that financial year.
(3) Money standing to
the credit of a suspense account under subsection (2) may only be —
(a)
transferred when it needs to be applied for any relevant commitment; or
(b)
credited to the relevant operating account at the time or times directed by
the Treasurer.
(4) Despite subsection
(3), the Treasurer may at any time direct that all or part of the money
standing to the credit of a suspense account under subsection (2) be credited
to the Consolidated Account.
[Section 26 amended: No. 12 of 2021 s. 6.]