Commonwealth Consolidated Regulations

FINANCIAL MANAGEMENT AND ACCOUNTABILITY REGULATIONS 1997

- made under the Financial Management and Accountability Act 1997

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Name of regulations [see Note 1]  
   2.      Commencement [see Note 1]  
   3.      Definitions  
   3A.     Meaning of grant  

   PART 2--AGENCIES

   4.      Allocation of certain persons to Departments of State and Departments of the Parliament (Act s 5)  
   5.      Prescribed Agencies and Chief Executives of prescribed Agencies (Act s 5)  
   5A.     Business operation of an Agency  

   PART 3--POWERS OF CHIEF EXECUTIVES

   6.      Chief Executive's Instructions (Act s 52)  

   PART 4--COMMITMENTS TO SPEND PUBLIC MONEY

   7.      Commonwealth procurement (Act s 64)  
   7A.     Commonwealth Grant Guidelines (Act s 64)  
   7B.     Commonwealth Cleaning Services Guidelines (Act s 64)  
   8.      Entering into an arrangement  
   9.      Approval of spending proposals  
   10.     Arrangements beyond available appropriation  
   10A.    Contingent liabilities  
   11.     Entering into loan guarantees  
   12.     Recording approval of spending proposal  

   PART 5--PRESCRIBED RECEIPTS THAT AN AGENCY MAY RETAIN

   15.     Prescribed receipts that an Agency may retain (Act s 31)  

   PART 5A--PROTECTION OF PUBLIC MONEY AND PUBLIC PROPERTY

   16A.    Guidelines on fraud (Act s 64)  

   PART 6--BANKING OF PUBLIC MONEY ETC

   17.     Prompt banking of received money (Act s 10)  
   18.     Public money in non-bankable currency (Act s 10)  
   19.     Withdrawals involving internal transfers (Act s 13)  
   19A.    Withdrawals for payments or notional payments involving drawing rights (Act s 13)  
   20.     Custody of securities (Act s 40)  

   PART 7--BORROWING AND INVESTMENT

   21.     Credit cards (Act s 38, s 60)  
   22.     Investment of public money (Act s 39)  
   22AA.   Notice of share acquisitions and other events (Act s 39A)  

   PART 7A--REPORTING AND AUDIT ETC

   22A.    Preparation of annual financial statements by Finance Minister (Act s 55)  
   22B.    Audit of Finance Minister's annual financial statements (Act s 56)  
   22C.    Audit committee (Act s 46)  
   22D.    Estimates  

   PART 8--FOUND PROPERTY

   23.     Disposal of property found on Commonwealth premises etc (Act s 41)  

   PART 8A--DELEGATIONS AND INSTRUMENTS

   24.     Finance Minister may delegate powers  
   26.     Chief Executive may delegate powers  
   26A.    Operation of instruments under the Regulations  

   PART 9--MODIFIED OPERATION OF ACT AND RELEVANT REGULATIONS

   27.     Modification of Act for intelligence or security agency (Act s 58)  
   28.     Modifications of Act for prescribed law enforcement agency (Act s 58)  
   28A.    Non-application of relevant regulations to operational money (Act s 58)  

   PART 10--ACT OF GRACE AND PROBATE PAYMENTS

   29.     Act of grace payments and waiver of debts (Act s 33, s 34)  
   30.     Finance Minister may approve payments pending probate etc  

   PART 11--TRANSFERRING LEAVE ENTITLEMENTS --PAYMENTS WHEN EMPLOYEES MOVE BETWEEN AGENCIES ETC

   31.     Application of Part 11  
   32.     Agencies to co-operate  
   33.     Payment within 30 days of a correctly rendered invoice  
   34.     Specific rules affecting members of the Defence Force  
           SCHEDULE 1 Prescribed agencies
           SCHEDULE 1A Notice of event under section 39A of Act
           SCHEDULE 2 Modification of the Act in its application to an intelligence or security agency or a prescribed law enforcement agency
           SCHEDULE 3 Prescribed law enforcement agencies