Document ID: chunk:federal_register_of_legislation:C2010A00125:clause:1_101
Version: federal_register_of_legislation:C2010A00125
Segment Type: clause
Provision Reference: sch 1 cl 101
Character Range: 76673–77699

101  At the end of section 65C
Add:

Notional payments and receipts by Agencies
 (2) If:
 (a) either:
 (i) an Agency makes a notional payment to another Agency; or
 (ii) one part of an Agency makes a notional payment to another part of that Agency; and
 (b) the transaction would involve the debiting of an appropriation if the notional payment were a real payment;
then:
 (c) this section applies in relation to the notional payment as if it were a real payment to the Commonwealth; and
 (d) this section applies in relation to the notional receipt of the notional payment as if it were a real receipt by the Commonwealth.
Note: This subsection applies to transactions that do not actually involve payments or receipts, because the parties to the transaction are merely parts of the Commonwealth, or acting as agents for the Commonwealth. For example, Agency 1 "pays" Agency 2 for services provided by Agency 2.
 (3) In subsection (2):
Agency has the same meaning as in the Financial Management and Accountability Act 1997.