Australian Capital Territory Numbered Acts

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FINANCIAL MANAGEMENT ACT 1996 (NO. 22 OF 1996) - SECT 14

Transfer of funds between appropriations

14. (1) Notwithstanding section 6, the Executive may, by instrument, direct that appropriations made by an Appropriation Act be varied by transfers of funds between the appropriations.

(2) A transfer of funds between appropriations under this section may only be made between—

        (a)     2 or more appropriations for the provision of outputs;

        (b)     2 or more appropriations for capital injections; or

        (c)     2 or more appropriations for payments to be made on behalf of the Territory.

(3) A transfer of funds between appropriations under this section shall not cause any of the appropriations affected to be varied by more than 3%.

(4) Where the Executive gives a direction under subsection (1), the Treasurer shall cause—

        (a)     a copy of the direction; and

        (b)     a statement of the reasons for giving it;

to be laid before the Legislative Assembly within 3 sitting days after the direction is given.



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