Australian Capital Territory Numbered Acts

FINANCIAL INSTITUTIONS (SUPERVISORY AUTHORITY) ACT 1992 (NO. 29 OF 1992) - SECT 9

9. (1) The Registrar shall authorise expenditure only in accordance with the budget for the financial year as determined under this section, unless the Minister directs otherwise.

(2) The Registrar shall submit a draft budget for each financial year to the Minister in such form, and at such time, as the Minister directs.

(3) The budget for the financial year is—

        (a)     if the Minister determines the budget for the financial year within 60 days after the submission of the draft budget—the budget as determined by the Minister; or

        (b)     if the Minister does not determine the budget within that period—the draft budget submitted to the Minister.