Appropriation (2005/06 Financial Review) Act 2007

1: Title
This Act is the Appropriation (2005/06 Financial Review) Act 2007. This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
2: Commencement
This Act comes into force on the day after the date on which it receives the Royal assent. This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
3: Purposes
The purposes of this Act are to—
a: confirm financial matters relating to the financial year ended 30 June 2006; and
b: validate other financial matters relating to the financial year ended 30 June 2006 and previous financial years. This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
4: Interpretation
In this Act, unless the context otherwise requires,—
a: the terms capital expenditure department expenses financial year other expenses output expenses Vote section 2(1) Public Finance Act 1989
b: liabilities This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
5: Confirmation of Order in Council directing transfer of amounts between output expense appropriations
The Public Finance (Transfers Between Outputs) Order 2006 (SR 2006/162) This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
6: Confirmation of expenses and capital expenditure incurred in excess of existing appropriations and approved by Minister of Finance
1: The incurring of expenses and capital expenditure approved by the Minister of Finance under section 26B Public Finance Act 1989 subsections (2) to (4)
2: The expenses and capital expenditure are the expenses and capital expenditure incurred in excess, but within the scope, of the existing appropriations set out in column 3 of Schedule 1
3: The approved expenses are shown in each case in column 5 of Schedule 1
4: The approved capital expenditure is shown in each case in column 6 of Schedule 1 This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
7: Validation of unappropriated expenses and capital expenditure
1: The incurring of expenses and capital expenditure by a department in the circumstances set out in subsection (2)
2: The circumstances were that for the financial year ended 30 June 2006, the department incurred expenses or capital expenditure—
a: in excess of the existing appropriations set out in column 3 of Schedule 2
b: without appropriation, or other authority, by or under an Act (as specified in column 4 of Schedule 3 Schedule 3
3: In this section,— capital expenditure Schedule 2 3 department Schedule 2 3 expenses Schedule 2 3 This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
8: Validation of unappropriated expenses incurred in respect of Votes Finance, Treasurer, and Treasury
1: The incurring of expenses by the Treasury in the circumstances set out in subsection (2)
2: The circumstances were that—
a: the Treasury incurred expenses against the output class Debt and Related Financial Asset Management in Vote Finance of—
i: $785,000 for the financial year ended 30 June 2005; and
ii: $482,000 for the financial year ended 30 June 2006; and
b: those amounts were incurred outside the scope of, or were not incurred only in relation to, the appropriations for that output class, and were therefore incurred without appropriation, or other authority, by or under an Act.
3: To the extent that any expenses incurred by the Treasury against the output classes in the Votes and for the financial years set out in subsection (4)
4: The output classes, Votes, and financial years are—
a: Liabilities Management in Vote Treasury for the financial years ended 30 June 1990, 1991, 1992, 1993, 1994, 1995, 1996, and 1997:
b: Debt and Financial Asset Management in Vote Treasurer for the financial years ended 30 June 1998, 1999, and 2000:
c: Debt and Related Financial Asset Management in Vote Finance for the financial years ended 30 June 2001, 2002, 2003, and 2004. This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
9: Validation of unappropriated liabilities and capital expenditure incurred in respect of Votes Finance and Housing
1: The incurring of liabilities and capital expenditure by the Crown in the circumstances set out in subsection (2)
2: The circumstances were that—
a: the Crown incurred liabilities in Vote Finance of $156,751,000 for the financial year ended 30 June 2003 for loans to Housing New Zealand Corporation to refinance maturing Crown debt; and
b: the Crown incurred liabilities in Vote Housing of $11,778,000 for the financial year ended 30 June 2004 for loans to Housing New Zealand Corporation to refinance maturing Crown debt; and
c: the Crown incurred liabilities in Vote Housing of $101,350,000 for the financial year ended 30 June 2005 for loans to Housing New Zealand Limited to refinance maturing Crown debt; and
d: the Crown incurred capital expenditure in Vote Housing of $30,000,000 for the financial year ended 30 June 2006 for loans to Housing New Zealand Limited to refinance maturing Crown debt; and
e: the amounts in paragraphs (a) (b) (c)
f: the amount in paragraph (d) This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007
10: Validation of departmental net asset holding
1: The excess amount of net asset holding described in subsection (2)
2: The excess amount of net asset holding is the amount of net asset holding, as set out in column 3 of Schedule 4
3: In this section,— department Schedule 4 most recent projected balance of net assets
a: at the time when that projected balance was exceeded; and
b: as set out in column 2 of Schedule 4 This Act was repealed 18 August 2007 12(1) Appropriation (2007/08 Estimates) Act 2007