Western Australian Consolidated Acts

FINANCIAL MANAGEMENT ACT 2006 - SECT 26

26 .         Transfers to suspense account

        (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 commitment —

            (a)         that is relevant to the financial year referred to in subsection (2); and

            (b)         that relates to salaries, wages, superannuation, leave or depreciation.

        (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.