Imprest Supply (Second for 2017/18) Act 2017

Coat of Arms of New Zealand

Imprest Supply (Second for 2017/18) Act 2017

Public Act
 
2017 No 37
Date of assent
 
10 August 2017
Commencement
 
see section 2

The Parliament of New Zealand enacts as follows:

1 Title

This Act is the Imprest Supply (Second for 2017/18) Act 2017.

2 Commencement

This Act comes into force on the day after the date on which it receives the Royal assent.

3 Repeal of this Act

This Act is repealed on the close of 30 June 2018.

4 Purposes

The purposes of this Act are—

(a)

to authorise expenses and capital expenditure to be incurred by the Crown and Offices of Parliament during the 2017/18 year in advance of appropriation in an Appropriation Act; and

(b)

to authorise capital injections to be made to departments (other than intelligence and security departments) and Offices of Parliament during the 2017/18 year in advance of authorisation under an Appropriation Act.

5 Interpretation

(1)

In this Act, unless the context otherwise requires,—

2017/18 year means the financial year ending with 30 June 2018

capital expenditure has the meaning given to it by section 2(1) of the Public Finance Act 1989, but excludes capital expenditure that is included in the definition of expenses

department has the meaning given to it by section 2(1) of the Public Finance Act 1989, but does not include an intelligence and security department

expenses has the meaning given to it by section 2(1) of the Public Finance Act 1989, but also includes—

(a)

capital expenditure incurred by an intelligence and security department; and

(b)

non-departmental capital expenditure incurred in advance of a multi-category appropriation.

(2)

Terms or expressions used and not defined in this Act but defined in the Public Finance Act 1989 have, in this Act, the same meanings as in the Public Finance Act 1989.

6 Authority to incur expenses

(1)

Expenses may, during the 2017/18 year, be incurred in advance of appropriation in relation to any Vote.

(2)

Expenses incurred under subsection (1) must not exceed in the aggregate the sum of $7,000 million.

7 Authority to incur capital expenditure

(1)

Capital expenditure may, during the 2017/18 year, be incurred in advance of appropriation in relation to any Vote.

(2)

Capital expenditure incurred under subsection (1) must not exceed in the aggregate the sum of $5,500 million.

8 Appropriation required

(1)

All expenses incurred under section 6(1) and all capital expenditure incurred under section 7(1) must be appropriated in an Appropriation Act that comes into force on or before 30 June 2018.

(2)

Until the coming into force of that Appropriation Act, those expenses and that capital expenditure may be incurred during the 2017/18 year as if they had been incurred in accordance with one of the separate appropriations specified in section 7A(1) of the Public Finance Act 1989.

9 Authority to make capital injections

(1)

Capital injections may, during the 2017/18 year, be made to any department or Office of Parliament in advance of authorisation under an Appropriation Act.

(2)

Capital injections made under subsection (1) must not exceed in the aggregate the sum of $800 million.

10 Authorisation required

(1)

All capital injections made under section 9(1) must be authorised under an Appropriation Act that comes into force on or before 30 June 2018.

(2)

Until the coming into force of that Appropriation Act, those capital injections may be made during the 2017/18 year as if they had been authorised in accordance with section 12A of the Public Finance Act 1989.

Legislative history

8 August 2017

Introduction (Bill 287–1), first reading, second reading, third reading

10 August 2017

Royal assent

This Act is administered by the Treasury.