The Bill provides Parliamentary authority for funds requested by the Government. It is part of 'Supply procedure', which is how Parliament grants the Government’s requests for resources. Proceedings on the Bill are formal; (ie there is no debate and the Bill goes through 'on the nod'). This type of Bill was previously known as the Consolidated Fund (Appropriation) Bill, but the name was changed following changes to financial reporting to Parliament.
- The Bill authorises the release of money from the Consolidated Fund which is the Government’s bank account
- The Bill places limits on the purposes for which the money may be spent.