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This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Treasurer's Advance Authorisation Bill 2006
CONTENTS
1. Short title 2
2. Commencement 2
3. Terms used in this Act 2
4. Treasurer's Advance Authorisation for 2006-2007 3
5. Purposes for which money can be paid or advanced 3
6. Crediting of amounts recouped or recovered 4
7. Treasurer's Advance Authorisation Act 2005
amended 5
135--1 page i
Western Australia
LEGISLATIVE ASSEMBLY
Treasurer's Advance Authorisation Bill 2006
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 2006, and to
amend the Treasurer's Advance Authorisation Act 2005 section 4.
The Parliament of Western Australia enacts as follows:
page 1
Treasurer's Advance Authorisation Bill 2006
s. 1
1. Short title
This is the Treasurer's Advance Authorisation Act 2006.
2. Commencement
This Act comes into operation on the day on which it receives
5 the Royal Assent.
3. Terms used in this Act
In this Act, unless the contrary intention appears --
"2006 financial year" means the financial year commencing on
1 July 2006;
10 "Consolidated Fund" means the Fund of that name established
by the Constitution Act 1889 section 64 and referred to in
the Financial Administration and Audit Act 1985 section 6;
"existing works and services advance" means so much of any
advance made before 1 July 2006 under section 5(1)(b)
15 or (c) of a previous TAA Act as has not been recouped or
recovered before 1 July 2006;
"local governments" means local governments or regional
local governments established under the Local Government
Act 1995;
20 "previous TAA Act" means an Act enacted for purposes
similar to those of this Act in relation to a financial year
commencing before 1 July 2006;
"public authorities" means the Governor in Executive Council,
Ministers of the Crown in right of the State, Government
25 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;
"Treasurer's Advance Account" means the Account of that
30 name referred to in the Financial Administration and Audit
Act 1985 section 8;
page 2
Treasurer's Advance Authorisation Bill 2006
s. 4
"Trust Fund" means the Fund of that name referred to in the
Financial Administration and Audit Act 1985 section 9.
4. Treasurer's Advance Authorisation for 2006-2007
(1) During the 2006 financial year the Treasurer is authorised to
5 make payments or advances under this Act but the aggregate
of --
(a) the payments and advances made; and
(b) any existing works and services advances,
is not to exceed $365 000 000.
10 (2) In calculating the aggregate mentioned in subsection (1) at any
point of time in the 2006 financial year, no account is to be
taken of so much of --
(a) any advance under section 5(1)(b) or (c); or
(b) any existing works and services advance,
15 as has been recouped or recovered in the 2006 financial year.
5. Purposes for which money can be paid or advanced
(1) Subject to section 4(1) and the Financial Administration and
Audit Act 1985, the Treasurer may in the 2006 financial year --
(a) make payments of an extraordinary or unforseen nature
20 in anticipation of, or in addition to, the relevant
appropriations by Parliament, with that expenditure to
be charged in the 2006 financial year to the
Consolidated Fund and to be subsequently submitted to
Parliament for appropriation from the Consolidated
25 Fund; and
(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
advances --
30 (i) to public authorities; or
(ii) to accounts forming part of the Trust Fund; or
page 3
Treasurer's Advance Authorisation Bill 2006
s. 6
(iii) for the purchase of stores,
with those advances to be charged in the 2006 financial
year to the Treasurer's Advance Account and to be
recouped by charging the specific appropriation of
5 Parliament applicable to them with the expenditure on
those works or services or by recovering the advances
from the public authorities, Trust Fund accounts or
officers of public authorities to or on whose account the
advances were made; and
10 (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
governments or persons, or by those Governments, local
15 governments or persons on behalf of the State, with
those advances to be charged in the 2006 financial year
to the Treasurer's Advance Account and to be recovered
from the Governments, local governments or persons to
or on whose account the advances were made.
20 (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.
6. Crediting of amounts recouped or recovered
25 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 (c);
30 (b) any portion of an existing works or services advance
that is recouped or recovered under section 5(1)(b) or (c)
of a previous TAA Act.
page 4
Treasurer's Advance Authorisation Bill 2006
s. 7
7. Treasurer's Advance Authorisation Act 2005 amended
(1) The amendments in this section are to the Treasurer's Advance
Authorisation Act 2005*.
[* Act No. 4 of 2005.]
5 (2) Section 4(1) is amended by deleting "$300 000 000" and
inserting instead --
" $500 000 000 ".
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