An arrangement under May be made for a which the that are not categorised as variety of reasons, Commonwealth advances being for the ordinary and including policy a sum of relevant money functions of government purposes and as a to an external recipient will require either separate Concessional loans. Loans means of with the recipient legislation or will need to be listed in facilitating agreeing to repay that Schedule 1AA or 1AB to the Financial repayments to the sum (with or without Framework (Supplementary Powers) Commonwealth. interest) on a future date Regulations 1997. or on demand. To provide financial A discretionary power of relief to individuals the Finance Minister or Cases where legislative and or other bodies delegate to make The power to make act of grace Act of grace administrative provisions do not take where there is a payments on behalf of payments is established under payment sufficient account of the special moral obligation on individuals or other section 65 of the PGPA Act. circumstances of individual cases. the bodies due to special Commonwealth. circumstances.
Loans May be made for a variety of reasons, including policy purposes and as a means of facilitating repayments to the Commonwealth. An arrangement under which the Commonwealth advances a sum of relevant money to an external recipient with the recipient agreeing to repay that sum (with or without interest) on a future date or on demand. that are not categorised as being for the ordinary and functions of government will require either separate legislation or will need to be listed in Schedule 1AA or 1AB to the Financial Framework (Supplementary Powers) Regulations 1997. Concessional loans. Act of grace payment To provide financial relief to individuals or other bodies where there is a moral obligation on the Commonwealth. A discretionary power of the Finance Minister or delegate to make payments on behalf of individuals or other bodies due to special circumstances. The power to make act of grace payments is established under section 65 of the PGPA Act. Cases where legislative and administrative provisions do not take sufficient account of the special circumstances of individual cases.
resource-management-guide-no-411.docx