19Modification relating to net annotated appropriations

19 Modification relating to net annotated appropriations

Section 6 is repealed and the following section is substituted:

6 Net annotated appropriations If:

(a) the description of the purpose of an appropriation set out in an item, subdivision or Division in the Schedule includes the words "net appropriation — see section 6"; and

(b) there is in force an agreement (entered into under the Financial Management and Accountability Act 1997) between:

(i) the Minister; and

(ii) the Minister responsible for the Agency for which the appropriation is made or the Chief Executive of that Agency (as the case requires);

to the effect that payments to the Commonwealth in consideration for any service, benefit, activity, transaction or other matter specified in the agreement can be added to the amount appropriated to the Agency under the item, subdivision or Division, to the extent and on the conditions set out in the agreement;

the item, subdivision or Division is taken to specify that those payments (whether real or notional) may be credited to the item, subdivision or Division to the extent and on the conditions set out in the agreement.