Reserves Act 1977

Financial provisions

81: Unauthorised expenditure

You could also call this:

"Spending money on things not allowed by the law, up to $500 a year"

Illustration for Reserves Act 1977

If you are an administering body, but not a local authority, you can spend money on things that are not allowed by this Act or other laws. You can spend up to $500 in total in a financial year on these unauthorised things. This rule is part of the Reserves Act 1977, which was amended by the Reserves Amendment Act 2005, you can find more information about this amendment on the legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM444934.


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Part 4Financial provisions

81Unauthorised expenditure

  1. An administering body (not being a local authority) may in any financial year expend for purposes not authorised by this Act or by any other Act or law for the time being in force any sum or sums not exceeding $500 in the aggregate.

Notes
  • Section 81: amended, on , by section 4 of the Reserves Amendment Act 2005 (2005 No 68).