11Modification relating to the debiting of the Consolidated Revenue Fund after the close of a financial year

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

Section 7 is repealed and the following section is substituted:

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

(1) An amount appropriated under section 3 may not be debited from the Consolidated Revenue Fund after 30 June 1998.

(2) Subsection (1) does not prevent the Minister from taking action after 30 June 1998:

(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.