49Fire brigades funding amount

49 Fire brigades funding amount

49 Fire brigades funding amount

(1) As soon as practicable after the commencement of each financial year, the Minister must prepare and, subject to the Treasurer’s agreement, adopt an update of fire brigades funding for the financial year (the fire brigades funding amount).

(2) The fire brigades funding amount is the estimated fire brigades expenditure for the financial year (that is, EEt in the fire brigades funding target for the financial year), adjusted and updated in accordance with this section.

(3) Estimated fire brigades expenditure is to be adjusted for the purposes of the fire brigades funding amount so that the estimate—

(a) is reduced or increased, as appropriate, for any difference between the estimate of fire brigades expenditure for the financial year, as adopted in the fire brigades funding target, and an updated estimate of that amount, and

(b) is reduced or increased, as appropriate, for any difference between the fire brigades funding amount for the previous financial year and the actual amount of fire brigades expenditure for that financial year.

(4) Without limiting subsection (3), the Minister may, with the Treasurer’s agreement, decide that adjustments are not to be made to the fire brigades funding amount in respect of—

(a) any surplus in the Fund at the end of the previous financial year, or

(b) certain money paid into the Fund, or

(c) certain amounts it is estimated will be paid to Fire and Rescue NSW for the financial year.

(5) An adjustment to the estimated fire brigades expenditure that is made under this section has no effect on, and is not to be used in the calculation of, the fire brigades funding target for a financial year.

s 49: Am 1995 No 6, Sch 1 (5). Rep 2008 No 122, Sch 6.1 [3]. Ins 2009 No 84, Sch 1.1 [1]. Am 2010 No 46, Sch 2.1 [2]. Subst 2017 No 9, Sch 4.2 [5].

pt 5, div 1A (s 49A): Ins 2008 No 122, Sch 6.1 [4]. Rep 2009 No 84, Sch 1.1 [1].