21Treasurer's Reserve

21 Treasurer's Reserve

(1)  The Treasurer may, in any financial year, issue and apply from the Public Account, for expenditure, the need for which could not, in the opinion of the Treasurer, reasonably have been foreseen and which is necessary for efficient financial administration –

(a) an amount that is contingently appropriated by an Appropriation Act for the relevant financial year; and

(b) if receipts, additional to the total estimated receipts specified in a statement accompanying an Appropriation Act, are generated within that financial year – the amount of those additional receipts less any amount of Commonwealth money received by the State.

(2)  The amount that may be issued and applied from the Public Account under subsection (1) may not, in total, exceed 2.5% of the total appropriation in the Appropriation Act for that financial year.

(3)  Subsection (1) does not authorise expenditure for a purpose other than a purpose mentioned in an Appropriation Act then in force, unless the Governor has, in writing, approved that expenditure.

(4)  The Public Account is, without further or other appropriation, appropriated to the extent necessary to provide an amount mentioned in subsection (1)(b) .

(5)  Nothing in this section affects the operation of section 30 .