Section 3Part 1 — General Provisions
Expiration of unused appropriations
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The appropriations for each financial year shall expire on 31 December, 2023.
Where there are any unused appropriations at 31 December, 2022, these unused amounts shall not expire and shall be carried forward to the 2023 financial year.
Entities may use appropriations approved for the 2023 financial year, to incur executive expenses, acquire executive assets, make equity investments or loans and undertake borrowing in the 2022 financial year.