sec.65Annual budget

sec.65 Annual budget

The commissioner must, before each 31 March, prepare, in consultation with the CEO, a budget of estimated costs of the commissioner for the next financial year. The Minister must approve, or refuse to approve, a budget by each 31 May. However, a failure by the Minister to act under subsection (2) does not prevent the Minister approving, or refusing to approve, a budget at later time. A budget has no effect until it has been approved by the Minister on the recommendation of the commissioner and the CEO. During a financial year the commissioner may prepare, in consultation with the CEO, amendments to the budget for that year. An amendment of a budget has no effect until it has been approved by the Minister on the recommendation of the commissioner and the CEO. If the commissioner and the CEO differ about what should be recommended to the Minister for an approval under this section, the Minister may still give the approval. The commissioner may spend money in a financial year only under the budget for that year, unless the Minister otherwise approves. This section does not require the commissioner or the CEO to give the Minister any details that would, if given, prejudice a current investigation. (sec.65-ssec.1) The commissioner must, before each 31 March, prepare, in consultation with the CEO, a budget of estimated costs of the commissioner for the next financial year. (sec.65-ssec.2) The Minister must approve, or refuse to approve, a budget by each 31 May. (sec.65-ssec.3) However, a failure by the Minister to act under subsection (2) does not prevent the Minister approving, or refusing to approve, a budget at later time. (sec.65-ssec.4) A budget has no effect until it has been approved by the Minister on the recommendation of the commissioner and the CEO. (sec.65-ssec.5) During a financial year the commissioner may prepare, in consultation with the CEO, amendments to the budget for that year. (sec.65-ssec.6) An amendment of a budget has no effect until it has been approved by the Minister on the recommendation of the commissioner and the CEO. (sec.65-ssec.7) If the commissioner and the CEO differ about what should be recommended to the Minister for an approval under this section, the Minister may still give the approval. (sec.65-ssec.8) The commissioner may spend money in a financial year only under the budget for that year, unless the Minister otherwise approves. (sec.65-ssec.9) This section does not require the commissioner or the CEO to give the Minister any details that would, if given, prejudice a current investigation.