Public Finance Act 1989

If you need more information about this Act, please contact the administering agency: The Treasury
26CA Capital injections made without authority or approval require validation by Parliament

(1)

The making of a capital injection without authority under an Appropriation Act or approval under section 25A is unlawful, unless it is validated by Parliament in an Appropriation Act.

(2)

The Minister must, on the introduction of any Appropriation Bill that seeks validation by Parliament of any capital injection made without authority under an Appropriation Act or approval under section 25A, present to the House of Representatives a report that sets out—

(a)

the amount of each capital injection so made; and

(b)

an explanation by the responsible Minister for the department to which the capital injection was made.

(3)

This section does not apply to a capital injection to an intelligence and security department.

Section 26CA: inserted, on 1 July 2014, by section 75 of the Public Finance Amendment Act 2013 (2013 No 50).