Document ID: chunk:federal_register_of_legislation:C2021A00132:clause:3_19b
Version: federal_register_of_legislation:C2021A00132
Segment Type: clause
Provision Reference: sch 3 cl 19B
Character Range: 94241–96419

19B  Expenditure of approved entities to be in accordance with approved estimates
 (1) An approved entity must:
 (a) prepare estimates, in such form and for such periods as the Minister directs, of its expenditure to meet its costs of:
 (i) acquiring leases, or administering leases granted or transferred to the approved entity, under section 19A; or
 (ii) the payment of amounts under leases granted or transferred to the approved entity under section 19A; and
 (b) submit those estimates to the Minister for the Minister's approval not later than such date as the Minister directs.
Note: The Minister must have regard to approved estimates in directing that an amount be debited from the Account under paragraph 64(4A)(a) or (b).
 (2) A period directed under paragraph (1)(a) for an approved entity may be wholly or partly concurrent with another period directed under that paragraph for the entity.
 (3) Subject to subsection (4), if the Minister has directed under paragraph (1)(a) that an approved entity prepare estimates for a period, money of the approved entity must not be spent to meet its costs referred to in paragraph (1)(a) in respect of the period otherwise than in accordance with estimates of expenditure approved by the Minister.
 (4) The amount of expenditure by an approved entity in relation to the matter or matters covered by an item in the estimates approved by the Minister may exceed the amount specified in the item by an amount not exceeding 20% of the amount so specified.
 (5) An approved entity must not spend amounts, in relation to matters covered by estimates approved by the Minister, that exceed the total amount of expenditure provided for by those estimates.
 (6) An obligation imposed by this section on an approved entity must be fulfilled by the Executive Director of Township Leasing if the approved entity is the Commonwealth.
 (7) Nothing in this section affects a requirement under section 36 of the Public Governance, Performance and Accountability Act 2013 to prepare budget estimates in relation to an approved entity that is the Commonwealth or a Commonwealth authority (within the meaning of the Lands Acquisition Act 1989).