Federal Register of Legislation
Financial Management and Accountability Amendment Act 2000
No. 80, 2000
Financial Management and Accountability Amendment Act 2000
No. 80, 2000
An Act to amend the Financial Management and Accountability Act 1997, and for related purposes
Contents 1 Short title................................... 2 Commencement............................... 3 Schedule(s)..................................
Schedule 1—Amendments Financial Management and Accountability Act 1997
Financial Management and Accountability Amendment Act 2000
No. 80, 2000
An Act to amend the Financial Management and Accountability Act 1997, and for related purposes
[Assented to 30 June 2000]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Financial Management and Accountability Amendment Act 2000.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments
Financial Management and Accountability Act 1997
1 After section 30 Insert:
30A Appropriations to take account of recoverable GST
Appropriation for recoverable GST on acquisitions
(1) If: (a) a payment in respect of an acquisition is to be made in reliance on a limited appropriation; and (b) a GST qualifying amount has arisen, or will arise, for that acquisition; then the appropriation is increased by the amount of the GST qualifying amount. The increase in the appropriation takes effect immediately before the payment is made.
(2) If: (a) a payment in respect of an acquisition has been made (either before or after the commencement of this section) in reliance on a limited appropriation; and (b) a GST qualifying amount later arises for that acquisition; then the appropriation is increased by the amount of the GST qualifying amount. The increase in the appropriation takes effect when the GST qualifying amount arises.
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate