17Abolition of Australian Capital Territory Trust Account

17 Abolition of Australian Capital Territory Trust Account

(1) In this section:

Account means the Australian Capital Territory Trust Account established under section 62A of the Audit Act 1901.

Consolidated Revenue Fund means the Consolidated Revenue Fund of the Territory established under the Territory audit law.

(2) An amount standing to the credit of the Account at the beginning of Self‑Government Day shall be paid into the Consolidated Revenue Fund. (3) Where, at the beginning of Self‑Government Day, an amount is payable, but has not been paid, into the Account, the amount is payable into the Consolidated Revenue Fund. (4) Where an Appropriation Act has appropriated, or appropriates, money for the purposes of the Account, the Act shall be taken to have appropriated, or to appropriate, the money for the purposes of the Consolidated Revenue Fund. (5) Subsection (4) does not apply to money that has been spent for the purposes of the Account before Self‑Government Day.