Section 3Part 0 —
Expiration of unused appropriations
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The appropriations for each financial year shall expire on 31 December, 2027.
Where there are any unused appropriations at 31 December, 2026, these unused amounts shall not expire and shall be carried forward to the 2027 financial year but such unused amounts shall not be spent in the 2027 financial year except with the expressed written approval of Cabinet.
Entities may not use appropriations approved for the 2027 financial year to incur executive expenses, acquire executive assets, make equity investments or loans and undertake borrowing in the 2026 financial year, except with the expressed written approval of Cabinet.