(1) Subject to subsections (2), (3) and (4) and sections 44, 45, and 46, an accounting officer may vary the amount appropriated for a classification vote within an expenditure classification for a financial year or to make provision for a new purpose within that expenditure classification by means of a Virement Warrant, if exigencies of the public service make it necessary to do so.
(2) A Virement Warrant must direct that savings arising from an item in the expenditure classification, contained in the appropriation law, be applied to another item in the expenditure classification in the Estimates or Supplementary Estimate except that the amount in the appropriation law is not exceeded.
(3) A Virement Warrant under subsection (1), must not —
(a) in the case of a variation of a personnel emolument in an expenditure classification, occur unless it is to personnel expenditure within that classification;
(b) change the policy intent without prior approval of the Minister;
(c) be made from capital expenditure to current expenditure.
(4) The Minister may, by Order published in the Gazette, limit the amount that may be varied under a Virement Warrant under subsection (1).