Victorian Consolidated Legislation

Financial Management Act 1994 - SECT 47

Minister may vary reporting requirements

47. Minister may vary reporting requirements



(1) Subject to subsection (2), the Minister, in writing, may grant an
exemption to the accountable officer of a department or public body from any
provision of this Part relating to the contents, form or preparation of the
financial statements of that department or public body.

(2) The Minister must not grant an exemption from the requirement to cause
financial statements to be prepared and submitted to the Auditor-General, but
may extend the period within which they must be so submitted.

(3) An exemption under this section continues to apply in relation to an
accountable officer until the Minister advises the accountable officer in
writing that it no longer applies.

(4) An accountable officer must include in financial statements particulars of
any exemption given under this section in respect of those statements.