Document ID: chunk:federal_register_of_legislation:C2021A00132:clause:1_65d
Version: federal_register_of_legislation:C2021A00132
Segment Type: clause
Provision Reference: sch 1 cl 65D
Character Range: 25647–27336

65D  Administrative and capital expenditure to be in accordance with approved estimates
 (1) The NTAI Corporation must:
 (a) prepare estimates, in such form and for such periods as the Minister directs, of its expenditure to meet its administrative costs and capital costs; 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 is to be debited from the Account under subsection 64AA(4).
 (2) A period directed under paragraph (1)(a) may be wholly or partly concurrent with another period directed under that paragraph.
 (3) Subject to subsection (4), if the Minister has directed under paragraph (1)(a) that the NTAI Corporation prepare estimates for a period, money of the NTAI Corporation must not be spent to meet its administrative costs or capital costs in respect of the period otherwise than in accordance with estimates of expenditure approved by the Minister.
 (4) The amount of expenditure by the NTAI Corporation, in relation to the matter or matters covered by an item in the estimates approved by the Minister under subsection (1), may exceed the amount specified in the item by an amount not exceeding 20% of the amount so specified.
 (5) The NTAI Corporation must not spend amounts, in relation to matters covered by estimates approved by the Minister under subsection (1), that exceed the total amount of expenditure provided for by those estimates.
 (6) Nothing in this section affects a requirement under section 36 of the Public Governance, Performance and Accountability Act 2013 to prepare budget estimates.