FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997
Table of Provisions
PART 1--PRELIMINARYýÜ
- 1 Short title
- 2 Commencement
- 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. OF PUBLIC MONEY
- 8 Agreements with banks about receipt, transmission etc. of public
- 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
- 13 Money not to be withdrawn from official account without
- 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
PART 4--FUND ACCOUNTING, APPROPRIATIONS AND PAYMENTS
- 17 Accounting classifications of public money
- 18 Public money must initially be credited to the Consolidated Revenue
- 19 The Loan Fund
- 20 The Reserved Money Fund
- 21 The Commercial Activities Fund
- 22 Disallowance of determinations dealing with Fund components
- 23 Set-offs ignored for Fund accounting purposes
- 24 Finance Minister must keep accounts and records of Fund
- 25 References in other Acts etc. to payments into or out of Funds
- 26 Drawing rights required for payment etc. of public money
- 27 Issue of drawing rights
- 28 Appropriation for repayments required or permitted by law
- 29 Uncommitted advances lapse at end of appropriation period
- 30 Appropriation to be reinstated for amounts re-credited to Fund
- 31 Agreements for "net appropriations"
- 32 Adjustment of appropriations on change of Agency functions
- 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 Finance Minister may invest 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
- 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 Preparation and publication of monthly statement of fund
- 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
- 59 Advisory Committees for reporting on large waivers etc.
- 60 Misuse of Commonwealth credit card
- 61 Official must not falsify accounts etc.
- 62 Finance Minister may delegate powers
- 63 Finance Minister's Orders
- 64 Guidelines by Ministers
- 65 Regulations
