AUDIT.

No. 74 of 1962.

An Act relating to Repayments of Amounts out of the Commonwealth Public Account.

[Assented to 10th December, 1962.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.)   This Act may be cited as the Audit Act 1962.

(2.)  The Audit Act 1901-1961 is in this Act referred to as the Principal Act.

(3.)  The Principal Act, as amended by this Act, may be cited as the Audit Act 1901-1962.

Commencement.

2.  This Act shall be deemed to have come into operation on the first day of July, One thousand nine hundred and sixty-two.

3.  Section thirty-seven a of the Principal Act is repealed and the following section inserted in its stead:—

Refunds from Consolidated Revenue Fund.

“37a.  Where—

(a) an amount has been received by the Commonwealth and paid into the Consolidated Revenue Fund; and

(b) the repayment of that amount, or of a part of that amount, to any person is required or permitted by or under any Act or otherwise by law, but no appropriation of the Consolidated Revenue Fund to enable the repayment to be made is, apart from this section, made by any Act,

the Consolidated Revenue Fund is hereby appropriated to the extent necessary to make the repayment.”.

Trust Accounts.

4.  Section sixty-two a of the Principal Act is amended by omitting sub-section (7.) and inserting in its stead the following sub-section:—

“(7.)  Where—

(a) an amount has been received by the Commonwealth and paid to the credit of the Trust Fund; and

(b) the repayment of that amount, or of a part of that amount, to any person is required or permitted by or under any Act or otherwise by law,

the repayment may be made from moneys standing to the credit of the Trust Fund.”.