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  
   5.      Prescribed Agencies and Chief Executives of prescribed Agencies  
   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 Guidelines (Act, s 64)  
   7A.     Commonwealth Grant Guidelines (Act, s 64)  
   9.      Approval of spending proposals -- principles  
   10.     Approval of future spending proposals  
   11.     Approval of spending proposals -- officials  
   12.     Recording approval of spending proposal  
   13.     Entering into contract, agreement or arrangement  
   14.     Entering into loan guarantees  

   PART 5--RELEVANT AGENCY RECEIPTS

   15.     Relevant Agency receipts  
   16.     Limits on Agency receipts  

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

   16A.    Guidelines on fraud  

   PART 6--BANKING OF PUBLIC MONEY ETC

   17.     Prompt banking of received money (Act, s 10)  
   18.     Public money in non-bankable currency  
   19.     Withdrawals from official accounts and internal transfers between accounts (Act, s 13)  
   20.     Custody etc of securities (Act, s 40)  

   PART 7--BORROWING AND INVESTMENT

   21.     Credit cards (Act, ss 38 and 60)  
   22.     Investment of public money (Act, s 39)  

   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.    Terms of reference of audit committees (Act, s 46)  
   22D.    Estimates  

   PART 8--DELEGATIONS AND FOUND PROPERTY

   23.     Disposal of property found on Commonwealth premises etc  
   24.     Finance Minister may delegate powers  
   24A.    Treasurer may delegate powers  
   25.     Finance Chief Executive may delegate powers  
   25A.    Treasury Chief Executive may delegate powers  
   26.     Chief Executive may delegate powers  

   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  

   PART 10--ACT OF GRACE AND PROBATE PAYMENTS

   29.     Act of grace payments and waiver of debts (Act, ss 33 and 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 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