
| Public Act | 2009 No 16 |
| Date of assent | 24 June 2009 |
| Commencement | see section 2 |
The Parliament of New Zealand enacts as follows:
This Act is the Imprest Supply (First for 2009/10) Act 2009.
This Act comes into force on 1 July 2009.
(1) Sections 6, 7, and 10 are repealed on the coming into force of the first Appropriation Act for the 2009/10 year.
(2) The rest of this Act is repealed on the close of 30 June 2010.
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 financial year ending with 30 June 2010 in advance of appropriation by way of an Appropriation Act; and
(b) to enable the net asset holdings of departments and Offices of Parliament to exceed the amounts confirmed in the Appropriation (2008/09 Supplementary Estimates) Act 2009.
(1) In this Act, unless the context otherwise requires,—
2009/10 year means the financial year ending with 30 June 2010
expenses has the meaning given to it by section 2(1) of the Public Finance Act 1989, but also includes expenses and capital expenditure incurred by an intelligence and security department.
(2) In this Act, unless the context otherwise requires, asset, capital expenditure, department, financial year, intelligence and security department, Minister, Office of Parliament, operating surplus, remeasurements, Responsible Minister, and Vote have the meanings given to them by section 2(1) of the Public Finance Act 1989.
(1) Expenses may, during the 2009/10 year, be incurred in advance of appropriation in relation to any Vote.
(2) Expenses incurred under subsection (1) during the 2009/10 year must not exceed in the aggregate the sum of $11,300 million.
(1) Capital expenditure may, during the 2009/10 year, be incurred in advance of appropriation in relation to any Vote.
(2) Capital expenditure incurred under subsection (1) during the 2009/10 year must not exceed in the aggregate the sum of $1,800 million.
(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 2010.
(2) Until the coming into force of that Appropriation Act, those expenses and that capital expenditure may be incurred during the 2009/10 year as if they had been incurred in accordance with one of the separate appropriations specified in section 7(1) of the Public Finance Act 1989.
(1) The authority given by this Act to incur expenses or capital expenditure in advance of appropriation is an authority under an Act for the purposes of sections 4(1) and 26C(1) of the Public Finance Act 1989.
(2) However, subsection (1) does not apply to expenses or capital expenditure for which no appropriation is made in accordance with section 8(1).
(1) In this section,—
excess amount means the amount by which the net asset holding of a department or Office of Parliament, during the 2009/10 year, exceeds the projected balance for that department or Office of Parliament
projected balance means the projected balance of net assets at 30 June 2009 set out in column 9 of Schedule 5 of the Appropriation (2008/09 Supplementary Estimates) Act 2009.
(2) The amount of net asset holding in a department (other than an intelligence and security department) or an Office of Parliament during the 2009/10 year may exceed the projected balance for that department or Office of Parliament.
(3) However, the aggregate of the excess amounts for all departments and Offices of Parliament together with the total net asset holding of any department that is not listed in Schedule 5 of the Appropriation (2008/09 Supplementary Estimates) Act 2009 must not exceed $1,200 million.
(4) For the purposes of subsections (1) and (2), the amount of net asset holding in a department or an Office of Parliament does not include—
(a) any operating surplus retained as agreed between the Minister and the Responsible Minister for a department or an Office of Parliament in accordance with section 22(1) of the Public Finance Act 1989 that is not reflected in Schedule 5 of the Appropriation (2008/09 Supplementary Estimates) Act 2009; or
(b) any remeasurement of a department’s or an Office of Parliament’s reported net asset holding as set out in section 22(2) of the Public Finance Act 1989 that is not reflected in Schedule 5 of the Appropriation (2008/09 Supplementary Estimates) Act 2009.
(5) Subsections (2) and (3) apply despite section 22(3) of the Public Finance Act 1989.
Legislative history | |
|---|---|
| 23 June 2009 | Introduction (Bill 50–1), first reading, second reading, third reading |
| 24 June 2009 | Royal assent |
This Act is administered by the Treasury.