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FINANCIAL MANAGEMENT ACT 1994 - SECT 23

Departmental Working Accounts

    (1)     The Minister may establish a Trust Account in the Trust Fund as a Working Account for each nominated department.

S. 23(2) amended by No. 1/1998
s. 8.

    (2)     There shall be paid into the Working Account of a nominated department amounts equal to amounts received from the provision of outputs by the nominated department to the extent, and on the conditions, agreed between the Minister administering this section and the Minister responsible for the nominated department.

    (3)     For the purposes of the payment of an amount of money into a Working Account under subsection (2)—

        (a)     an amount equal to that amount of money is deemed to have been appropriated to that Account; and

        (b)     the Minister may issue the amount out of the Consolidated Fund and apply it for the purpose of that Account.

S. 23(4) amended by No. 1/1998
s. 8.

    (4)     Money in the Working Account of a nominated department may be expended for the provision of such outputs by the nominated department, and on such conditions, as are agreed between the Minister administering this section and the Minister responsible for the nominated department.

    (5)     In this section, nominated department means a department, or part of a department, that—

S. 23(5)(a) amended by No. 1/1998
s. 8.

        (a)     provides outputs to the public or an authority or public body; and

S. 23(5)(b) amended by No. 1/1998
s. 8.

        (b)     receives fees for those outputs that, in the opinion of the Minister, are not less than the cost of providing the outputs; and

        (c)     is declared by the Minister to be a nominated department for the purposes of this section.

Pt 5 (Heading and ss 2427) amended by Nos 75/1994 s. 7(1)(a), 43/1995 s. 7(1)(d), 42/1997 ss 4(1)(2)
(a)–(g), 5, 93/1997 s. 25(1)–(6), 1/1998 s. 9(a)(b), 53/1999 s. 24(1)–(3) (ILA s. 39B(1)), substituted as Pt 5
(Heading and ss 23A–27F) by No. 9/2000 s. 4.

Part 5—Financial responsibility

Division 1—Introduction

S. 23A inserted by No. 9/2000 s. 4.



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