Local Government (Financial Assistance) Act 1995
7Estimates by Treasurer and Minister
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7 Estimates by Treasurer and Minister
(1) The Treasurer must, as soon as practicable after the commencement of this Act, make a written estimate of the initial amount. (2) The Minister must, before the start of each year (the current year) after the year beginning on 1 July 1995, make a written estimate of the base figure for the year immediately preceding the current year. (3) The Treasurer must: (a) as soon as practicable after the commencement of this Act, make a written estimate of the factor, calculated to 4 decimal places, to be worked out under subsection 8(1) in relation to the year beginning on 1 July 1995; and (b) before the start of each later year, make a written estimate of the factor, calculated to 4 decimal places to be worked out under subsection 8(1) in relation to the year. (3A) In making an estimate for the purpose of paragraph 3(b), the Treasurer must, so far as the estimate relates to the population of Australia, consult the Statistician. (4) The Treasurer must, as soon as practicable after the commencement of this Act, make a written estimate of the additional previous year funding amount in relation to each State for the year beginning on 1 July 1995. (5) The Minister must, before the start of each year (the relevant year) after the year beginning on 1 July 1995, make a written estimate of the additional previous year funding amount in relation to each State for the relevant year. (6) The Treasurer must, as soon as practicable after an estimate is made under subsection (1), (3) or (4), cause to be given to the Minister a written notice: (a) setting out the estimate; and (b) explaining the basis on which the estimate was made; and the Minister must cause a copy of the notice to be given to the Treasurer of each State. (7) The Minister must, as soon as practicable after an estimate is made under subsection (2) or (5), cause to be given to the Treasurer of each State a written notice: (a) setting out the estimate; and (b) explaining the basis on which the estimate was made.