FINANCIAL MANAGEMENT ACT 2006 - SECT 47

FINANCIAL MANAGEMENT ACT 2006 - SECT 47

47 .         Terms used

                In this Division —

        loss means —

            (a)         in relation to official money — a loss of or deficiency in money; or

            (b)         in relation to official property — the value of, or the cost of repairing or replacing, as the case requires, property that is lost, destroyed or damaged;

        official money means —

            (a)         in relation to a statutory authority — statutory authority money and other money; or

            (b)         otherwise, public money and other money;

        official property means public property and other property;

        relevant authority means —

            (a)         in relation to a loss incurred by a statutory authority — the statutory authority; or

            (b)         in relation to a loss otherwise incurred — the State.