FINANCIAL MANAGEMENT ACT 2006 - SECT 57

FINANCIAL MANAGEMENT ACT 2006 - SECT 57

57 .         Chief finance officers, designation and functions of

        (1)         The accountable authority of an agency —

            (a)         is to ensure that, for the agency, an office, post or position is designated chief finance officer; and

            (b)         is to advise the Treasurer and the Auditor General of the office, post or position so designated.

        (2)         The chief finance officer of an agency is responsible to the accountable authority for —

            (a)         the preparation of financial information to facilitate the discharge of statutory reporting obligations of the agency; and

            (b)         the provision of advice on the effectiveness of accounting and financial management information systems and financial controls in meeting the requirements of the agency; and

            (c)         the provision of advice concerning the financial implications of, and financial risks to, the agency’s current and projected services; and

            (d)         the development of strategic options for the future financial management and capability of the agency; and

            (e)         the development of financial management skills within the agency.