FINANCIAL MANAGEMENT ACT 2006 - SECT 43
FINANCIAL MANAGEMENT ACT 2006 - SECT 43
43 . Agreeing on resource agreements
(1) After receiving a
draft resource agreement submitted by an accountable authority of an agency
under section 42(1), the Treasurer must, within the period of 1 month after
the submission date for the draft resource agreement, either —
(a)
agree on the draft resource agreement with the accountable authority; or
(b)
present the accountable authority with a resource agreement for the agency for
the financial year to which the draft resource agreement relates, and direct
that it is to be the resource agreement for the agency for the financial year.
(2) The accountable
authority of an agency must obtain the Minister’s approval before
agreeing with the Treasurer on a draft resource agreement for the agency.
(3) When the Treasurer
and an accountable authority of an agency agree on a draft resource agreement
under subsection (1)(a), it becomes the resource agreement for the agency for
the whole of the financial year to which it relates, unless it is superseded
by a modified resource agreement under section 44(3).
(4) When the Treasurer
gives a direction to the accountable authority of an agency under subsection
(1)(b) in relation to a resource agreement for the agency, it becomes the
resource agreement for the agency for the whole of the financial year to which
it relates, unless it is superseded by a modified resource agreement under
section 44(3).
(5) Subsections (3)
and (4) have effect even if the draft resource agreement was agreed on, or the
direction was given, after the start of the financial year.
[Section 43 inserted: No. 12 of 2021 s. 11.]