Public Governance, Performance and Accountability Act 2013

CHAPTER 2 - COMMONWEALTH ENTITIES AND THE COMMONWEALTH  

PART 2-5 - APPROPRIATIONS  

Division 2 - Appropriations relating to non corporate Commonwealth entities and the Commonwealth  

SECTION 76  

76   NOTIONAL PAYMENTS AND RECEIPTS BY NON-CORPORATE COMMONWEALTH ENTITIES  
If:

(a)    either:

(i) a non-corporate Commonwealth entity makes a notional payment to another non-corporate Commonwealth entity; or

(ii) one part of a non-corporate Commonwealth entity makes a notional payment to another part of that entity; and

(b)    the transaction would involve the debiting of an appropriation if the notional payment were a real payment;

then:

(c)    

the finance law applies in relation to the notional payment as if it were a real payment; and

(d)    

the finance law applies in relation to the notional receipt of the notional payment as if it were a real receipt.

Note:

This section applies to transactions that do not actually involve payments or receipts, because the parties to the transaction (non-corporate Commonwealth entities) are merely parts of the Commonwealth.