Document ID: chunk:federal_register_of_legislation:C2008A00090:clause:1_6
Version: federal_register_of_legislation:C2008A00090
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 6658–7600

6  Notional payments and receipts by Agencies

  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 Act applies in relation to the notional payment as if it were a real payment; and
 (d) this Act 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 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. One of the effects of this section is that a drawing right under section 27 will be required for the transaction.