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).