sec.29GRequirement for, and approval of, funding proposal

sec.29G Requirement for, and approval of, funding proposal

The auditor-general must— prepare a funding proposal for the additional funding; and give the funding proposal to the parliamentary committee and a copy of the proposal to the Minister. Within the period stated in subsection (3) , the parliamentary committee must review the auditor-general’s funding proposal and give the Minister a report approving 1 of the following— the auditor-general’s funding proposal; a funding proposal for a different amount or a different purpose, or both; a proposal that provides for no additional funding for the audit office. For subsection (2) , the period is— 20 business days after the parliamentary committee receives the auditor-general’s funding proposal; or if, in the circumstances, the Treasurer decides the approval of a proposal under subsection (2) is required within a shorter period and has notified the parliamentary committee of the shorter period and the reasons for the shorter period—the shorter period. The Treasurer may decide the approval of a proposal under subsection (2) is required within a shorter period so the Minister’s response to the proposal can be considered in the preparation of the State budget. The parliamentary committee must prepare the report under subsection (2) in consultation with the appropriate officers of Queensland Treasury. If the parliamentary committee does not give the Minister a report under subsection (2) within the period stated in subsection (3) , the committee is taken to have approved the auditor-general’s funding proposal. s 29G ins 2024 No. 3 s 11 (sec.29G-ssec.1) The auditor-general must— prepare a funding proposal for the additional funding; and give the funding proposal to the parliamentary committee and a copy of the proposal to the Minister. (sec.29G-ssec.2) Within the period stated in subsection (3) , the parliamentary committee must review the auditor-general’s funding proposal and give the Minister a report approving 1 of the following— the auditor-general’s funding proposal; a funding proposal for a different amount or a different purpose, or both; a proposal that provides for no additional funding for the audit office. (sec.29G-ssec.3) For subsection (2) , the period is— 20 business days after the parliamentary committee receives the auditor-general’s funding proposal; or if, in the circumstances, the Treasurer decides the approval of a proposal under subsection (2) is required within a shorter period and has notified the parliamentary committee of the shorter period and the reasons for the shorter period—the shorter period. The Treasurer may decide the approval of a proposal under subsection (2) is required within a shorter period so the Minister’s response to the proposal can be considered in the preparation of the State budget. (sec.29G-ssec.4) The parliamentary committee must prepare the report under subsection (2) in consultation with the appropriate officers of Queensland Treasury. (sec.29G-ssec.5) If the parliamentary committee does not give the Minister a report under subsection (2) within the period stated in subsection (3) , the committee is taken to have approved the auditor-general’s funding proposal.