23Modifications relating to payment of appropriated amounts into components of the Reserved Money Fund, etc.

23 Modifications relating to payment of appropriated amounts into components of the Reserved Money Fund, etc.

(1) If:

(a) the description of the purpose of an appropriation set out in an item indicates that amounts appropriated under the item are to be paid into a particular account, being an account that was established or continued in existence by an Act (relevant Act); and

(b) that account formed part of the Trust Fund established under the Audit Act 1901; and

(c) the relevant Act has established a component of the Reserved Money Fund to replace that account;

the item is modified by omitting the reference to the account and substituting a reference to that component of the Reserved Money Fund.

(2) If:

(a) the description of the purpose of an appropriation set out in an item indicates that amounts appropriated under the item are to be paid into a particular account, being a Trust Account that was established under section 62A of the Audit Act 1901; and

(b) under a determination by the Minister (under the Financial Management and Accountability Act) establishing a component of the Reserved Money Fund, amounts of that kind that, immediately before the operative day, were to be placed to the credit of the Trust Account are allowed or required to be transferred from the Consolidated Revenue Fund to that component of the Reserved Money Fund;

the item is modified by omitting the reference to the Trust Account and substituting a reference to that component of the Reserved Money Fund.

(3) If:

(a) the description of the purpose of an appropriation set out in an item indicates that amounts apppropriated under the item are to be paid into a particular account, being a Trust Account that was established under section 62A of the Audit Act 1901; and

(b) under a determination by the Minister (under the Financial Management and Accountability Act) establishing a component of the Commercial Activities Fund, amounts of that kind that, immediately before the operative day, were to be placed to the credit of the Trust Account are allowed or required to be transferred from the Consolidated Revenue Fund to that component of the Commercial Activities Fund;

the item is modified by omitting the reference to the Trust Account and substituting a reference to that component of the Commercial Activities Fund.