FINANCIAL MANAGEMENT ACT 2006 - SECT 29

FINANCIAL MANAGEMENT ACT 2006 - SECT 29

29 .         Expenditure under s. 27 and 28 limited

        (1)         Subject to subsections (2) and (3), the total expenditure that may be authorised under sections 27(1) and (2) and 28(1) in a financial year cannot exceed an amount equal to 3% of the total amount appropriated for the previous financial year by the Appropriation Acts.

        (2)         For the purpose of determining the total amount referred to in subsection (1) in respect of a financial year, any advance made under section 28(1)(a) or (b) that has been recovered in that financial year, whether in respect of that financial year or a previous financial year, is to be disregarded.

        (3)         Expenditure that exceeds the limit specified in subsection (1) may be authorised by a Treasurer’s Advance Authorisation Act to make payments under section 27(1) or (2) or to make advances for the purposes referred to in section 28(1).

        [Section 29 amended: No. 12 of 2021 s. 9.]