FINANCIAL MANAGEMENT ACT 2006 - SECT 85
FINANCIAL MANAGEMENT ACT 2006 - SECT 85
85 . Review of Act
(1) The Minister is to
carry out a review of the operation and effectiveness of this Act as soon as
is practicable after —
(a) the
fifth anniversary of its commencement; and
(b) the
expiry of 10 years after the tabling of each subsequent report on a review
under subsection (5).
(2) In the course of a
review under subsection (1) the Minister is to consider and have regard to
—
(a)
whether there is a need for this Act to continue; and
(b) any
other matters that appear to the Minister to be relevant to the operation and
effectiveness of this Act.
(3) The Minister is to
prepare a report based on a review under subsection (1) and, as soon as is
practicable after the report is prepared, is to cause a copy of it —
(a) to
be laid before each House of Parliament; and
(b) to
be given to the Joint Standing Committee on Audit.
(4) The Joint Standing
Committee on Audit —
(a) is
to carry out a review of the report; and
(b) in
the course of that review, may consider and have regard to any matters that
appear to the Joint Standing Committee on Audit to be relevant to the report
or the operation and effectiveness of this Act.
(5) The Joint Standing
Committee on Audit is to prepare a report based on the review and, as soon as
is practicable after the report is prepared, is to cause it to be laid before
the Legislative Council and the Legislative Assembly.
[Section 85 amended: No. 12 of 2021 s. 17.]