FINANCIAL MANAGEMENT ACT 2006 - SECT 53

FINANCIAL MANAGEMENT ACT 2006 - SECT 53

53 .         Functions of accountable authorities

        (1)         Without limiting section 52, an accountable authority of an agency has the functions of —

            (a)         ensuring that the agency operates in a manner that is efficient and economic and achieves the agency’s objectives; and

            (b)         ensuring that the agency complies with this Act, the Treasurer’s instructions and any other written law that applies to the agency; and

            (c)         having the custody, control and management of, and accounting for, all the public property or other property under the control of the agency; and

            (ca)         ensuring that the agency’s total cost of services in a financial year does not exceed the expense limit for the agency contained in the resource agreement, as modified from time to time, for the agency for the financial year; and

            (cb)         ensuring that —

                  (i)         the agency complies with any State government policy prescribed by the Treasurer’s instructions; and

                  (ii)         in particular, officers of the agency who commit and incur expenditure on behalf of the agency do so in a manner that is not inconsistent with any State government policy prescribed by the Treasurer’s instructions;

                and

            (cc)         ensuring that the agency has documented policies and procedures relating to —

                  (i)         making delegations, or giving authorisations, to officers of the agency that authorise them to enter into financial obligations on behalf of the agency or the State; and

                  (ii)         how officers of the agency exercise the authority to enter into such financial obligations;

                and

            (cd)         establishing and maintaining records relating to, and a register of, all delegations made, and authorisations given, to officers of the agency that authorise them to enter into financial obligations on behalf of the agency or the State; and

            (d)         unless otherwise directed in writing by the Treasurer, developing and maintaining an effective internal audit function for the agency.

        (2)         The accountable authority of an agency also has any other function given to the accountable authority under this Act or another written law.

        [Section 53 amended: No. 12 of 2021 s. 14.]