Public Finance Management (Amendment) Act 2010

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
Public Finance Management _Amendment_ Act Final English


Act No. 1 of 2010



C
T

PUBLIC FINANCE MANAGEMENT
(AMENDMENT) ACT 2010

Public Finance Management (Amendment) Act 2010 Section 1





to
Act No. 1 of 2010 Page 3




C
T

PUBLIC FINANCE MANAGEMENT (AMENDMENT)
ACT 2010

Act No. 1 of 2010

AN ACT TO AMEND THE PUBLIC FINANCE MANAGEMENT ACT 2002

I assent,
PRINCESS SALOTE PILOLEVU TUITA,

18th May 2010.



BE IT ENACTED by the King and Legislative Assembly of Tonga in the Legislature of
the Kingdom as follows:
____________________________________________________________________

1 Citation and Commencement

(1) This Act may be cited as the Public Finance Management (Amendment) Act
2010.

(2) In this Act, the Public Finance Management Act 2002 is referred to as the
Principal Act.



2 The definition of “approved investment” in section 2 of the Principal Act is amended
by:

(a) deleting the word “and” at the end of paragraph (c);

(b) inserting the word “and” at the end of paragraph (d); and

(c) inserting a new paragraph (e) as follows:

“(e) any business activity conducted by an entity that is a public enterprise
under the Public Enterprises Act 2002.”

Section 3 Public Finance Management (Amendment) Act 2010





Page 4 Act No. 1 of 2010
to





3 Section 4 of the Principal Act is amended by inserting between the words
“Finance” and “any” the words and comma “or any other person the Minister
considers appropriate,”.



4 Section 15 of the Principal Act is amended by:

(a) deleting the word “and” at the end of paragraph (a);

(b) inserting the word “and” at the end of paragraph (b); and

(c) inserting a new paragraph (c) as follows:

“(c) for accounting purposes only, any grant from a foreign aid donor
to develop the Kingdom which is managed and disbursed by an
aid donor in the Kingdom, outside of the Government accounting
system.”





Passed in the Legislative Assembly this 6th day of April 2010.

Related Laws