PAPUA NEW GUINEA

PUBLIC FINANCE (MANAGEMENT) (AMENDMENT) ACT 2007

No. 21 of 2007

Public Finance (Management) (Amendment) Act 2007.

Certified on: 12 DEC 2007

Public Finance (Management) (Amendment) Act 2007.

ARRANGEMENT OF SECTIONS.

1. Authority to pre-commit expenditure (Amendment of Section 47B).
2. Approval required for certain contracts (Amendment of Section 61).
3. Certain contracts null and void (Amendment of Section 47C).
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No. of 2007.

AN ACT

entitled

Public Finance (Management) (Amendment) Act 2007,

Being an Act to amend the Public Finance (Management) Act 1995,

MADE by the National Parliament.

1. AUTHORITY TO PRE-COMMIT EXPENDITURE (AMENDMENT OF SECTION 47B).

Section 47B of the Principal Act is amended in Section 1 by deleting "K100,000.00" in paragraph (a) and (b) and substituting "K300,000.00" in each case.

2 APPROVAL REQUIRED FOR CERTAIN CONTRACTS (AMENDMENT OF SECTION 61).

Section 61 of the Principal Act is amended in Subsection (2) by deleting "K100,000.00" and substituting "K300,000.00".

3. CERTAIN CONTRACTS NULL AND VOID (AMENDMENT OF SECTION 47C).

Section 47C of the Principal Act is amended in Subsection (2) by deleting "K100,000.00" in paragraph (a) and (b) and substituting "K300,000.00" in each case.
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I hereby certify that the above is a fair print of the Public Finance (Management) (Amendment) Act 2007 which as been made by the National Parliament.

Clerk of the National Parliament.
12 DEC 2007

I hereby certify that the Public Finance (Management) (Amendment) Act 2007 was made by the National Parliament on 29 November 2007.

Speaker of the National Parliament.
12 DEC 2007