Document ID: chunk:federal_register_of_legislation:C1906A00008:body:0:p3
Version: federal_register_of_legislation:C1906A00008
Segment Type: other
Provision Reference: 
Character Range: 4993–7665

forty-five of the Principal Act the following section is inserted:—

Power to dispense with detailed audit of accounts.
N.S.W. 1902, s. 54;
S.A. s. 22;
W.A. s. 48.
"45a. The Auditor-General may, with the consent of the Treasurer, dispense with all or any part of any detailed audit of any accounts, but not with any appropriation audit of those accounts. The consent of the Treasurer shall be given only in cases in which he considers that there are circumstances which render a detailed audit under this Act unnecessary.
"Provided that a list of all such cases shall be published in the Auditor-General's Report each year."

Treasurer's quarterly statements of receipts and expenditure.
N.S.W. s. 28;
V. s. 48;
Q. s. 23;
N.Z. s. 69;
W.A. s. 37;
Tas. s. 25;
S.A. s. 29.
12. Section forty-nine of the Principal Act is repealed and the following section substituted in lieu thereof:—
"49.—(1.) The Treasurer, as soon as conveniently may be after the expiration of every quarter of the financial year, shall publish in the Gazette a statement in detail of the receipts and expenditure of the Consolidated Revenue Fund, the Trust Fund, and the Loan Fund during such year up to the end of such quarter, together with a comparative statement of such receipts and expenditure during the corresponding period of the previous financial year.
"(2.) The Treasurer shall also at the same time and in like manner publish a statement in detail of the Loan Fund with the balances to The credit of that Fund."

New sections.
13. After section sixty-two of the Principal Act the following sections are inserted:—

Trust Accounts.
"62a.—(1) The accounts specified in the first column of the Fourth Schedule shall be Trust Accounts for the respective purposes specified in the second column of the said Schedule opposite the name of each account.
"(2.) The Treasurer may establish additional Trust Accounts and define the purposes for which they are established.
"(3.) All moneys standing to the credit of any Trust Account specified in the Fourth Schedule or established by the Treasurer under this section shall be deemed to be moneys standing to the credit of the Trust Fund.
"(4.) The Treasurer may direct that any Trust Account be closed, and thereupon the moneys standing to the credit of the account shall, after all liabilities of the account have been met, be paid to the Consolidated Revenue Fund.

Moneys to be paid into Trust Accounts.
"(5.) The following moneys may be paid to the credit of the Trust Account to which they relate:—
         (a) All moneys appropriated by law for the purposes of any Trust Account:
         (b) All moneys received from the sale to any person or