199Appropriation Acts may specify debit limits

#### 199 Appropriation Acts may specify debit limits (1) If an Appropriation Act relating to a financial year declares that a specified amount is the debit limit for the financial year for the purposes of this section, the total of the following amounts debited during the financial year must not exceed that limit: (a) an amount debited from the Education Investment Fund Special Account for a purpose mentioned in paragraph 136(1)(a), (b), (c), (d) or (e); (b) an amount debited from the EIF Education Portfolio Special Account (other than a debit under section 196); (c) an amount debited from the EIF Research Portfolio Special Account; (d) an amount debited from the COAG Reform Fund in accordance with subsection 197(2). (2) If, for a financial year, there is no Appropriation Act relating to the financial year that specifies a debit limit for the financial year for the purposes of this section, an amount referred to in subsection (1) must not be debited from a Special Account or Fund. (3) This section applies despite any provision of this Act or the Public Governance, Performance and Accountability Act 2013. 274 Subsection 202(2) Repeal the subsection, substitute: Macroeconomic circumstances (2) In making the decision, the Finance Minister must have regard to the principle that the total of the amounts referred to in subsection 199(1) debited during the financial year should depend primarily on the macroeconomic circumstances. 275 Subsection 206(3) Omit “Section 39 of the Financial Management and Accountability Act 1997”, substitute “Section 58 of the Public Governance, Performance and Accountability Act 2013 (which deals with investment by the Commonwealth)”. 276 Subsection 215(2) Omit “Special Account for the purposes of the Financial Management and Accountability Act 1997”, substitute “special account for the purposes of the Public Governance, Performance and Accountability Act 2013”. 277 Subsection 215(2) (note) Omit “Special Account” (wherever occurring), substitute “special account”. 278 Subsection 218(1) (note) Repeal the note, substitute: > Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts). 279 Section 219 (note) Repeal the note, substitute: > Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts). 280 Subsection 228(6) Omit “Section 39 of the Financial Management and Accountability Act 1997”, substitute “Section 58 of the Public Governance, Performance and Accountability Act 2013 (which deals with investment by the Commonwealth)”. 281 Section 240 Repeal the section. 282 Section 244 Omit: • The Finance Minister must comply with general drawing rights limits. substitute: • The Finance Minister must comply with any debit limits that may be imposed by an Appropriation Act. 283 Subsection 255(2) Omit “Special Account for the purposes of the Financial Management and Accountability Act 1997”, substitute “special account for the purposes of the Public Governance, Performance and Accountability Act 2013”. 284 Subsection 256(1) (note) Repeal the note, substitute: > Note: See section 80 of the Public Governance, Performance and Accountability Act 2013 (which deals with special accounts). 285 Sections 267 to 269 Repeal the sections, substitute: