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PARLIAMENT OF VICTORIA
Financial Management (Amendment) Act 1997
Act No.
TABLE OF PROVISIONS
Clause Page
1. Purpose 1
2. Commencement 1
3. Principal Act 2
4. Annual financial statement 2
5. New section 27 substituted 2
27. Tabling of report 2
6. Amendment of section 46 3
7. New section 62A inserted 3
62A. Further transitional provisions 3
8. Statute law revision 3
NOTES 4
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531135B.I1-21/4/97
PARLIAMENT OF VICTORIA
A BILL
to make certain amendments to the Financial Management Act 1994
and for other purposes.
Financial Management (Amendment)
Act 1997
The Parliament of Victoria enacts as follows:
1. Purpose
The purpose of this Act is to change the name of
the annual statement of financial operations and
the periods for the report on and tabling of the
5 statement.
2. Commencement
This Act comes into operation on the day on
which this Act receives the Royal Assent.
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Financial Management (Amendment) Act 1997
s. 3
Act No.
3. Principal Act
No. 18/1994. In this Act, the Financial Management Act 1994
Reprint No. 1
is called the Principal Act.
as at 3 August
1995. Further
amended by
Nos 100/1995,
104/1995,
106/1995 and
73/1996.
4. Annual financial statement
5 (1) For the heading to Part 5 of the Principal Act,
substitute "PART 5--ANNUAL FINANCIAL
STATEMENT".
(2) In the Principal Act--
(a) in section 25, for "A statement of financial
10 operations--" substitute "A financial
statement under section 24--";
(b) in section 26(1), for "statement of financial
operations" substitute "financial statement";
(c) in section 26(1), for "15 September"
15 substitute "8 September";
(d) in section 26(2), for "annual statement"
substitute "annual financial statement within
2 weeks after receiving the statement under
sub-section (1)";
20 (e) in section 26(3), for "10 days" substitute "7
days";
(f) in section 26(4) and (5), for "7 days"
substitute "5 days".
5. New section 27 substituted
25 For section 27 of the Principal Act substitute--
"27. Tabling of report
The Minister must cause a copy of the
annual financial statement for a financial
year, together with a copy of the Auditor-
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Financial Management (Amendment) Act 1997
s. 6
Act No.
General's report on that statement, to be laid
before each House of the Parliament within 7
sittings days of the House after 30
September next following that year.".
5 6. Amendment of section 46
In section 46 of the Principal Act, for sub-section
(1) substitute--
"(1) Subject to sub-sections (2) and (3), the
relevant Minister of a department or public
10 body must cause the report of operations and
audited financial statements of the
department or public body for a financial
year to be laid before each House of the
Parliament after the end of that financial year
15 and before the end of the next following
fourth month of the year or on the first
sitting day of the House after the end of that
month.".
7. New section 62A inserted
20 After section 62 of the Principal Act insert--
"62A. Further transitional provisions
Despite the amendment of section 46 by the
Financial Management (Amendment) Act
1997, section 46 has effect, in relation to a
25 public body the financial year of which ends
in 1997 before 30 June, as if it had not been
so amended.".
8. Statute law revision
In the Principal Act--
30 (a) sections 65 and 66 are repealed;
(b) Schedule 2 is repealed.
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Financial Management (Amendment) Act 1997
Notes
Act No.
NOTES
By Authority. Government Printer for the State of Victoria.
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