FINANCIAL ACCOUNTABILITY ACT 2009 - As at 1 March 2023 - Act 9 of 2009

FINANCIAL ACCOUNTABILITY ACT 2009

- As at 1 March 2023 
- Act 9 of 2009 

TABLE OF PROVISIONS

           Long Title

   PART 1 - INTRODUCTION

           Division 1 - Preliminary

   1.      Short title
   2.      Commencement
   3.      Property in public moneys and public property

           Division 2 - Interpretation

   4.      Definitions
   5.      Interpretation of words used in appropriation Act
   6.      Meaning of terms relating to annual appropriation Act
   7.      Meaning of administered receipt and controlled receipt
   8.      Meaning of department
   9.      Meaning of statutory body

   PART 2 - PROVISIONS APPLYING TO MINISTERS

           Division 1 - Objectives of government

   10.     Community objectives of government
   11.     Fiscal objectives of government

           Division 2 - Ministerial offices expenses

   12.     Report of ministerial offices expenses
   13.     Tabling of half year report
   14.     Audit of full year report
   15.     Tabling of full year report

   PART 3 - CONSOLIDATED FUND AND TREASURER’S RESPONSIBILITIES

           Division 1 - The consolidated fund

   16.     Consolidated fund
   17.     Accounts for consolidated fund
   18.     Treasurer’s consolidated fund bank account
   19.     Overdrawn accounts
   20.     Entries in Treasurer’s consolidated fund operating account
   21.     Write-off of losses

           Division 2 - Consolidated fund reporting

   22.     Quarterly statement by Treasurer
   23.     Consolidated fund financial report
   24.     Timing for giving consolidated fund financial report to auditor-general
   25.     Consolidated whole-of-government financial statements
   26.     Information for preparing consolidated whole-of-government financial statements

           Division 3 - Appropriations

   27.     Annual appropriation Acts
   28.     Appropriation of particular controlled receipts
   29.     Availability of appropriated amount for payment to departments
   30.     Payment of equity withdrawal under annual appropriation Act
   31.     Supply before ordinary annual appropriation Act for financial year
   32.     Supply before parliamentary annual appropriation Act for financial year
   33.     Varying the amounts of department’s headings
   34.     When part of vote for treasury department may be applied for headings of another department
   35.     Unforeseen expenditure
   36.     Entries in Treasurer’s consolidated fund operating account for unforeseen expenditure
   37.     Entries by Treasurer on repayment of incorrectly paid amounts

           Division 4 - Approvals by Treasurer

   38.     Definition for div 4
   39.     Exercise of power by department or statutory body
   40.     Treasurer’s general approval
   41.     Application for Treasurer’s specific approval
   42.     Requirement to give documents or information
   43.     Decision on application
   44.     Amendment or repeal of Treasurer’s specific approval
   45.     Register of specific approvals
   46.     False or misleading documents
   47.     False or misleading information

           Division 5 - Delegation by Treasurer

   48.     Delegation by Treasurer of particular powers

           Division 6 - Investment by Treasurer

   49.     Treasury offset account
   50.     Use of accounts
   51.     Dealing with moneys earned on investment
   52.     Appropriation for investment
   53.     Corporation sole of The Treasurer of Queensland
   54.     Limitations on investment powers

           Division 7 - Borrowings

   55.     Borrowings by the State
   56.     Liability of department for borrowing fee

           Division 8 - Standards about financial and performance management

   57.     Financial and performance management standards
   58.     Requirements before making a financial and performance management standard
   59.     Exemption from complying with financial and performance management standard

   PART 4 - PROVISIONS APPLYING TO DEPARTMENTS AND STATUTORY BODIES

   60.     Application of ss 61–63
   61.     Functions of accountable officers and statutory bodies
   62.     Annual financial statements
   63.     Annual reports
   64.     Investments gifted or bequeathed to departments or statutory bodies

   PART 5 - PROVISIONS APPLYING ONLY TO DEPARTMENTS

           Division 1 - Accountable officers

   65.     Accountable officers generally
   66.     Legislative Assembly and parliamentary service
   67.     Office of the Governor

           Division 2 - Accountable officer responsibilities

   68.     Departmental budgets
   69.     Departmental accounts
   69A.    Special purpose accounts
   70.     Payment of tax equivalents and dividends
   71.     Borrowings by accountable officers
   72.     Losses and special payments
   73.     Recovery of moneys
   74.     Recovery of value of property
   75.     Right to recover not affected

           Division 3 - Delegations

   76.     Delegations by accountable officers
   77.     Chief finance officer
   78.     Head of internal audit

           Division 4 - Machinery of government changes

   79.     Availability of appropriation after redistribution of public business
   80.     Financial reporting—when redistribution of public business of department takes effect

           Division 5 - Accounts with financial institutions

   81.     Moneys to be kept at financial institutions
   82.     Financial institution accounts
   83.     Departmental banking arrangements
   83A.    Special purpose financial institution accounts
   84.     Overdrafts

           Division 6 - Derivative transactions

   85.     When departments may enter into derivative transactions
   86.     Requirement to report to appropriate Minister about derivative transactions

           Division 7 - Miscellaneous

   87.     When department may invest or otherwise lend an amount
   88.     Treasurer’s approval to form, or become a member of, a company
   88A.    Transfer of involvement in company to another department

   PART 5A - REQUIREMENT TO PUBLISH PARTICULAR INFORMATION ONLINE

           Division 1 - Preliminary

   88B.    Purpose of part
   88C.    Application of part
   88D.    Meaning of print requirement
   88E.    Definitions for part

           Division 2 - Requirement for online publication

   88F.    Print requirement must be complied with by online publication
   88G.    Effect of non-compliance

           Division 3 - Exemptions

   88H.    Printed publication in regional newspaper
   88I.    Public health and safety purpose
   88J.    Requirement for information to be displayed at or sent to particular place or address
   88K.    Publication for particular purposes
   88L.    Regulation-making power

   PART 6 - OTHER PROVISIONS

   89.     Comments or cost estimates during election period
   90.     Regulation-making power

   PART 7 - REPEAL AND TRANSITIONAL PROVISIONS

           Division 1 - Repeal

   91.     Repeal

           Division 2 - Transitional provisions for Act No. 9 of 2009

   92.     Definitions for div 2
   93.     References to repealed Act
   94.     References to Treasury investment suspense account and financial institution account
   95.     Exemptions from complying with financial management standards
   96.     Continuing funds
   97.     Treasurer’s unclaimed moneys fund

           Division 3 - Transitional provision for Revenue Amendment and Trade and Investment Queensland Act 2013

   98.     Closure of Queensland future growth fund
           SCHEDULE 2
           SCHEDULE 3