5Reallocation of funds

5 Reallocation of funds

(1)  If the Treasurer, on consulting the Portfolio Minister, is satisfied that any money standing to the credit of the Fund is not required for the purpose specified in section 4(6) , the Treasurer, with Parliament's approval, may transfer the money to another account in the Public Account.

(2)  For the purposes of subsection (1)  –

(a) the Treasurer is to cause a proposal for the money transfer to be laid before each House of Parliament; and

(b) the proposal is taken to have been approved by a House of Parliament if –

(i) the House passes a motion approving the proposal within 5 sitting-days after it is laid before it (the tabling period); or

(ii) no notice of a motion to disapprove the proposal is before the House when the tabling period ends; or

(iii) where notice of a motion to disapprove the proposal is before the House when the tabling period ends –

(A) the notice is withdrawn; or

(B) the motion is negatived; or

(C) a further period of 9 sitting-days of the House ends without it having passed a motion to disapprove the proposal.