Commonwealth Consolidated Acts

PUBLIC GOVERNANCE, PERFORMANCE AND ACCOUNTABILITY ACT 2013 - SECT 76

    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.