Receipts retained under section 74 of the PGPA Act
A non-corporate Commonwealth entity (entity) can collect receipts from various sources. Section 74 and 74A of the PGPA Act enables an entity to spend some of those receipts by authorising that certain appropriations may be increased with specific types of receipts and repayments.
Where an amount collected cannot be retained, it must be remitted to the Official Public Account and cannot be spent.
Section 27 of the PGPA Rule prescribes the kinds of receipts that can be retained under s74 and s74A of the PGPA Act. Examples of the kinds of receipts that are prescribed by PGPA Rule s27 include an amount received:
- for services provided by the entity;
- for selling or hiring out goods (including leasing out goods);
- as accumulated leave entitlements of an employee (received from a former employer);
- as GST-related receipts collected when selling goods and services, in order to pay net GST owed to the Australian Taxation Office (ATO);
- as GST-related refunds from the ATO (if s74A of the Act was not used to pay the related GST qualifying amounts);
- related to a trust or similar arrangement; and
- as a repayment of some or all of an amount that was earlier paid.
Further advice for entities on managing these types of receipts is available in the Knowledge Management section of the Central Budget Management System; refer to the most recent Estimates Memorandum on the subject, which can be obtained from your entity Chief Financial Officer.
Last updated: 10 September 2015