Commonwealth Consolidated Acts

FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 - SECT 65

             (1)  The Governor‑General may make regulations prescribing matters:

                     (a)  required or permitted by this Act to be prescribed; or

                     (b)  necessary or convenient to be prescribed for carrying out or giving effect to this Act.

             (2)  In particular, the regulations may make provision:

                     (a)  relating to any of the following matters:

                              (i)  handling, spending and accounting for public money;

                            (ia)  the Finance Minister considering a report from specified persons before authorising under subsection 33(1), or waiving under subsection 34(1), a total amount that is more than a specified amount;

                            (ib)  the Finance Minister authorising payment of an amount if, at the time of a person's death, the Commonwealth owed that amount to the person (including authorising without requiring production of probate of the will of the person or letters of administration of the estate of the person);

                             (ii)  commitments to spend public money;

                            (iii)  recovering amounts owing to the Commonwealth;

                            (iv)  using or disposing of public property, or acquiring property that is to be public property;

                     (b)  generally for ensuring or promoting:

                              (i)  the proper use and management of public money, public property and other resources of the Commonwealth;

                             (ii)  proper accountability for the use and management of public money, public property and other resources of the Commonwealth;

                             ( c )   for penalties for offences against the regulations by way of fines of up to 10 penalty units

Note:          Section 4AA of the Crimes Act 1914 sets the current value of a penalty unit.