Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
The Treasurer may withdraw $99,787,859,000 from the Consolidated Fund for the 2025/2026 financial year.
The Treasurer can issue extra funds if legislation or determinations increase the cost of salaries and related expenses.
Spending on specific departmental items must not exceed the amounts listed in Schedule 1, unless specific financial management exceptions apply.
Money spent from the Public Account to meet urgent claims listed in Schedule 2 is formally appropriated and must be repaid.
Funds spent from the Advance under the Department of Treasury and Finance for urgent claims listed in Schedule 3 are formally appropriated.
The Treasurer may increase funding for a department's net asset base by an amount up to the cost of depreciation.
Departments apply funding to Schedule 1 items if they enter an arrangement or incur an obligation for payment in a future financial year.