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TC22-01 Statutory Act of Grace Payments
Ministers have the power under section 5.7 of the Government Sector Finance Act 2018 (GSF Act) to make an act of grace payment (Statutory Act of Grace Payment). The exercise of this power is at the discretion of the Minister or the Minister’s delegate.
Statutory Act of Grace Payments may be made under section 5.7 of the GSF Act where the Minister, or Minister’s delegate, is satisfied that there are “special circumstances”, or other circumstances of a kind prescribed by regulation. There are currently no other circumstances prescribed by regulation.
Category: Treasury Circulars (TC) Topic: Government Sector Finance Act 2018 Date: 31 January 2022 Status: CurrentLast updated: 28/02/2022