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This is a Bill, not an Act. For current law, see the Acts databases.
FINANCIAL MANAGEMENT AMENDMENT BILL 2007 (NO 2)
2007
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL
TERRITORY
(As presented)
(Mr Richard Mulcahy)
Financial Management
Amendment Bill 2007 (No 2)
A Bill for
An Act to amend the
Financial Management Act
1996
The Legislative Assembly for the Australian Capital Territory enacts as
follows:
1 Name of Act
This Act is the Financial Management Amendment Act 2007
(No 2).
2 Commencement
This Act commences on the day after its notification day.
Note The naming and commencement provisions automatically commence
on the notification day (see Legislation Act, s 75 (1)).
3 Legislation amended
This Act amends the Financial Management Act 1996.
4 New section 26A
in division 3.1, insert
26A Capital works program progress
reports
(1) Within 45 days after the end of each quarter of a financial year, the
Treasurer must prepare a capital works program progress report
(a progress report) for—
(a) the quarter; and
(b) the period from the beginning of the financial year until the end of
the quarter.
(2) The progress report must give—
(a) for the Territory—
(i) the information mentioned in subsection (3) for each administrative
unit; and
(ii) a capital works program summary for each administrative unit;
and
(b) for each administrative unit—
(i) the information mentioned in subsection (3) for each portfolio unit
within the administrative unit; and
(ii) a capital works program summary for each portfolio unit within the
administrative unit.
(3) The progress report must give the following information about
expenditure for each period mentioned in subsection (1):
(a) the amount appropriated in the budget for—
(i) new works; and
(ii) works in progress and prior year deferrals and underspends; and
(iii) the total amount appropriated for (i) and (ii);
(b) the amount by which an amount mentioned in paragraph (a) has varied in
the period;
(c) the total amount of funds available after any variations mentioned in
paragraph (b).
(4) The Treasurer must present a copy of the progress report to the
Legislative Assembly on the first sitting day after it is prepared.
(5) If the first sitting day mentioned in subsection (4) does not fall
within 45 days after the end of the relevant quarter, the Treasurer must give a
copy of the progress report to each member of the Legislative Assembly within
the 45 days.
(6) In this section:
portfolio unit means a program in an administrative unit for
which a capital works appropriation has been allocated.
Endnotes
1 Presentation speech
Presentation speech made in the Legislative Assembly on 2007.
2 Notification
Notified under the Legislation Act on 2007.
3 Republications of amended laws
For the latest republication of amended laws, see
www.legislation.act.gov.au.
© Australian Capital Territory
2007
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