7BDebiting of expenditure charged to Minister's advance

7B Debiting of expenditure charged to Minister's advance

Any expenditure:

(a) in excess of a specific appropriation; or

(b) not specifically provided for by appropriation;

may be charged to an item, subdivision or Division in the Schedule as the Minister directs but the total expenditure so charged in the year ending 30 June 1997, after deduction of amounts of repayments, must not at any time exceed the amount appropriated

for that year under the head "Advance to the Minister for Finance".

Modification relating to the debiting of the Consolidated Revenue Fund after the close of a financial year

Section 15 is repealed and the following section is substituted:

15 Consolidated Revenue Fund not to be debited after close of financial year

(1) An amount appropriated under this Act may not be debited from the Consolidated Revenue Fund after 30 June 1997.

(2) Subsection (1) does not prevent the Minister from taking action after 30 June 1997:

(a) to correct errors or mispostings in the financial accounting records of the Commonwealth for the year ending on that day; or

(b) to balance the Funds (within the meaning of the Financial Management and Accountability Act 1997);

if the action does not result in an amount being debited from a Fund otherwise than for the purpose of being credited to another Fund.