Commonwealth Consolidated Acts

FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title [see Note 1]  
   2.      Commencement [see Note 1]  
   3.      This Act binds the Crown  
   4.      This Act extends to things outside Australia  

   PART 2--GENERAL PROVISIONS ABOUT DEFINITIONS AND OFFENCES

   5.      Definitions  
   6.      Notional payments and receipts by Agencies  
   7.      Offences  

   PART 3--COLLECTION, CUSTODY ETC

   8.      Agreements with banks about receipt, transmission etc. of public money  
   9.      Official bank accounts  
   10.     Public money must be promptly banked etc.  
   11.     Public money not to be paid into non-official account  
   12.     Finance Minister's authority needed for arrangements for receipt etc. of public money by outsiders  
   13.     Money not to be withdrawn from official account without authority  
   14.     Misapplication or improper use of public money  
   15.     Liability for loss of public money  
   16.     Special Instructions by Finance Minister about handling etc. of special public money  

   PART 4--ACCOUNTING, APPROPRIATIONS AND PAYMENTS

           Division 1--Accounts and records in relation to public money

   19.     Accounts and records in relation to public money  

           Division 1A--Special Accounts

   20.     Establishment of Special Accounts by Finance Minister  
   21.     Special Accounts established by other Acts  
   22.     Disallowance of determinations relating to Special Accounts  

           Division 2--Drawing rights

   26.     Drawing rights required for payment etc. of public money  
   27.     Issue of drawing rights  

           Division 3--Appropriations

   28.     Repayments by the Commonwealth  
   30.     Repayments to the Commonwealth  
   30A.    Appropriations to take account of recoverable GST  
   31.     Relevant Agency receipts  
   32.     Transfer of Agency functions  

           Division 3A--Recording of amounts in accounts and records

   32A.    Recording of amounts in accounts and records  

           Division 4--Miscellaneous

   33.     Finance Minister may approve act of grace payments  
   34.     Finance Minister may waive debts etc.  
   35.     Finance Minister may approve payments pending probate etc.  
   36.     Presiding Officers may approve expenditure  

   PART 5--BORROWING AND INVESTMENT

   37.     Unauthorised borrowing agreements are invalid  
   38.     Finance Minister may borrow for short periods  
   39.     Investment of public money  

   PART 6--CONTROL AND MANAGEMENT OF PUBLIC PROPERTY

   40.     Custody etc. of securities  
   41.     Misapplication or improper use of public property  
   42.     Liability for loss etc. of public property  
   43.     Gifts of public property  

   PART 7--SPECIAL RESPONSIBILITIES OF CHIEF EXECUTIVES

   44.     Promoting efficient, effective and ethical use of Commonwealth resources  
   45.     Fraud control plan  
   46.     Audit committee  
   47.     Recovery of debts  
   48.     Accounts and records  
   49.     Annual financial statements  
   50.     Additional financial statements and information  
   51.     Reporting requirements on change of Agency functions  
   52.     Chief Executive's instructions  
   53.     Chief Executive may delegate powers  

   PART 8--REPORTING AND AUDIT

   54.     Finance Minister must publish monthly financial statements  
   55.     Preparation of annual statements by Finance Minister  
   56.     Audit of Finance Minister's annual financial statements  
   57.     Audit of annual financial statements of Agency  

   PART 9--MISCELLANEOUS

   58.     Modifications of Act for intelligence or security agency or prescribed law enforcement agency  
   59.     Advisory Committees for reporting on large waivers etc.  
   60.     Misuse of Commonwealth credit card  
   62.     Finance Minister may delegate powers  
   62A.    Treasurer may delegate powers  
   63.     Finance Minister's Orders  
   64.     Guidelines by Ministers  
   65.     Regulations