5Budget control authorities

#### 5 Budget control authorities 5.1 Budget control authorities > > (1) The Treasurer may issue Budget control authorities to regulate expenditure of money by GSF agencies that are part of the General Government Sector. > > > (2) A Budget control authority may be— > > > > > (a) a standing authority regulating expenditures of money in general terms, or > > > > > (b) limited as to the period during which it may operate to regulate expenditures of money, or > > > > > (c) limited as to the nature of the transactions in respect of which expenditures of money may occur, or > > > > > (d) limited to a particular transaction or series of transactions, or > > > > > (e) contained in the Treasurer’s directions or in a separate written document given to the GSF agencies concerned. > > > (3) Without limiting subsections (1) and (2), a Budget control authority may include provisions that— > > > > > (a) set limits or caps on expenditures of money (whether by reference to amounts, percentages, ratios, growth factors or any other measures), and > > > > > (b) require additional authorisations for particular expenditures of money, and > > > > > (c) regulate expenditures of money using cash accounting methodology or accrual accounting methodology (or both).