FINANCIAL MANAGEMENT ACT 2006 - SECT 42

FINANCIAL MANAGEMENT ACT 2006 - SECT 42

42 .         Preparation of draft resource agreements

        (1)         Unless otherwise directed in writing by the Treasurer, the accountable authority of an agency must, in each financial year —

            (a)         prepare a draft resource agreement for the agency for the next financial year (a draft resource agreement ) in accordance with subsection (2); and

            (b)         submit the draft resource agreement to the Treasurer on or before the date designated by the Treasurer under subsection (3).

        (2)         The draft resource agreement must —

            (a)         be in a form prescribed by the Treasurer’s instructions; and

            (b)         contain —

                  (i)         the total amount of resources that are expected to be made available to the agency for the financial year to which it relates; and

                  (ii)         the services proposed to be provided by the agency during the financial year; and

                  (iii)         the estimated total cost of services for the agency for the financial year (the expense limit ); and

                  (iv)         any other matters required by the Treasurer’s instructions to be specified in the resource agreement.

        (3)         For the purposes of subsection (1)(b), the Treasurer must —

            (a)         for each financial year, designate the date by which the accountable authority must submit the draft resource agreement to the Treasurer; and

            (b)         make the date known to the accountable authority in a manner that the Treasurer considers appropriate.

        [Section 42 inserted: No. 12 of 2021 s. 11.]