Australian Capital Territory Numbered Acts

FINANCIAL MANAGEMENT ACT 1996 (NO. 22 OF 1996) - SECT 15

15. (1) The Executive may, by instrument, direct that funds within the same appropriation that are allocated for the provision of different classes of outputs be reallocated in respect of those classes of outputs.

(2) Where a reallocation of funds under subsection (1) involves an amount exceeding—

        (a)     3% of the appropriation within which the reallocation is made; or

        (b)     $50,000;

whichever is the greater, the Treasurer shall cause—

        (c)     a copy of the direction under subsection (1); and

        (d)     a statement of the reasons for the reallocation;

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