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This is a Bill, not an Act. For current law, see the Acts databases.


TREASURER'S ADVANCE AUTHORISATION BILL 2001

                     Western Australia


Treasurer's Advance Authorisation Bill 2001

                        CONTENTS


1.   Short title                                           1
2.   Commencement                                          1
3.   Interpretation                                        2
4.   Treasurer's Advance Authorisation for 2001-2002       2
5.   Purposes for which money can be paid or advanced      3
6.   Crediting of amounts recouped or recovered            4
7.   Section 4 of Treasurer's Advance Authorisation Act
     2000 amended                                          4




                                                          page i
                           2--1
                               Western Australia


                          LEGISLATIVE ASSEMBLY



         Treasurer's Advance Authorisation Bill 2001


                                   A Bill for


    An Act to authorise the Treasurer to make certain payments and
    advances and to specify a limit for the payments and advances so
    authorised for the financial year commencing on 1 July 2001 and to
    amend the Treasurer's Advance Authorisation Act 2000.



    The Parliament of Western Australia enacts as follows:


    1.      Short title
            This Act may be cited as the Treasurer's Advance Authorisation
            Act 2001.

5   2.      Commencement
            This Act comes into operation on the day on which it receives
            the Royal Assent.




                                                                     page 1
     Treasurer's Advance Authorisation Bill 2001



     s. 3



     3.       Interpretation
              In this Act, unless the contrary intention appears --
              "Consolidated Fund" means the Fund of that name established
                   by section 64 of the Constitution Act 1889 and referred to
 5                 in section 6 of the Financial Administration and Audit Act
                   1985;
              "existing works and services advance" means so much of any
                   advance made before 1 July 2001 under an enactment
                   corresponding to section 5(1)(b) or (c) as has not been
10                 recouped or recovered before 1 July 2001.
              "local governments" means local governments or regional
                   local governments established under the Local Government
                   Act 1995;
              "public authorities" means the Governor in Executive Council,
15                 Ministers of the Crown in right of the State, Government
                   departments, State trading concerns, State instrumentalities,
                   State agencies, and public statutory bodies, corporate or
                   unincorporate, established by or under a law of the State;
              "Treasurer" means the Treasurer of the State;
20            "Treasurer's Advance Account" means the Account of that
                   name referred to in section 8 of the Financial
                   Administration and Audit Act 1985;
              "Trust Fund" means the Fund of that name referred to in
                   section 9 of the Financial Administration and Audit Act
25                 1985.

     4.       Treasurer's Advance Authorisation for 2001-2002
     (1)      During the financial year commencing on 1 July 2001 the
              Treasurer is authorised to make payments or advances under
              this Act but the aggregate of --
30              (a) the payments and advances made; and
                (b) any existing works and services advances,
              is not to exceed $300 000 000.

     page 2
                                     Treasurer's Advance Authorisation Bill 2001



                                                                              s. 5



          (2)   In calculating the aggregate mentioned in subsection (1) at any
                point of time in the financial year commencing on 1 July 2001,
                no account is to be taken of so much of --
                  (a) any advance under section 5(1)(b) or (c); or
 5                (b) any existing works and services advance,
                as has been recouped or recovered in that financial year.

     5.         Purposes for which money can be paid or advanced
          (1)   Subject to the Financial Administration and Audit Act 1985 and
                section 4(1), the Treasurer may in the financial year
10              commencing on 1 July 2001 --
                  (a) make payments of an extraordinary or unforeseen nature
                        in anticipation of, or in addition to, the relevant
                        appropriations by Parliament, with that expenditure to
                        be charged in that financial year to the Consolidated
15                      Fund and to be subsequently submitted to Parliament for
                        appropriation from the Consolidated Fund;
                  (b) make advances, on such terms as the Treasurer thinks
                        fit, for the temporary financing of works and services of
                        the State or to officers of public authorities including
20                      advances --
                           (i) to public authorities;
                          (ii) to accounts forming part of the Trust Fund; or
                         (iii) for the purchase of stores, with those advances to
                                  be charged in that financial year to the
25                                Treasurer's Advance Account and to be recouped
                                  by charging the specific appropriation of
                                  Parliament applicable thereto with the
                                  expenditure on those works or services or by
                                  recovering the advances from the public
30                                authorities, Trust Fund accounts or officers of
                                  public authorities to or on whose account the
                                  advances were made; and


                                                                            page 3
     Treasurer's Advance Authorisation Bill 2001



     s. 6



                  (c)   make advances, on such terms as the Treasurer thinks
                        fit, for the temporary financing of works and services
                        undertaken in conjunction with, or on behalf of, other
                        Commonwealth, State or Territory Governments, local
 5                      governments or persons, or by those Governments, local
                        governments or persons on behalf of the State, with
                        those advances to be charged in that financial year to the
                        Treasurer's Advance Account and to be recovered from
                        the Governments, local governments or persons to or on
10                      whose account the advances were made.
          (2)   The terms of an advance under subsection (1)(b) or (c) may
                include an obligation to pay interest on the advance at a rate
                determined by the Treasurer and any such interest received is to
                be credited to the Consolidated Fund.

15   6.         Crediting of amounts recouped or recovered
                The following are to be credited to the Treasurer's Advance
                Account --
                 (a) any portion of an advance under section 5(1)(b) or (c)
                        that is recouped or recovered under section 5(1)(b) or
20                      (c);
                 (b) any portion of an existing works or services advance
                        that is recouped or recovered under an enactment
                        corresponding to section 5(1)(b) or (c).

     7.         Section 4 of Treasurer's Advance Authorisation Act 2000
25              amended
                Section 4(1) of the Treasurer's Advance Authorisation Act
                2000* is amended by deleting "$300 000 000" and substituting
                the following --
                        " $600 000 000 ".
30              [*Act No. 30 of 2000]




 


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