FINANCIAL MANAGEMENT ACT 2006
Table of Provisions
PART 1 -- Preliminary
- 1 Short title
- 2 Commencement
- 3 Terms used
- 4 Relationship of this Act with other laws
- 5 Act modified for administration of certain bodies (Sch. 2)
- 6 Sch. 1 may be amended by regulations
PART 2 -- Accounts
Division 1 -- Public Ledger
- 7 Public Ledger
- 8 Consolidated Account
- 9 Treasurer’s Advance Account
- 10 Treasurer’s special purpose accounts
Division 2 -- Public Bank Account and other bank accounts
- 11 Public Bank Account
- 12 Public Bank Account, application of money in
- 13 Bank accounts for agencies, restrictions on
- 14 Bank accounts not to be overdrawn except with Treasurer’s approval
- 15 Bank accounts for public money etc., restrictions on
Division 3 -- Agency special purpose accounts
- 16 Agency special purpose accounts
Division 4 -- Administration of special purpose accounts
- 17 Special purpose statements and trust statements for accounts, preparation of etc.
- 18 Payments to and from accounts
- 19 Accounts not to be overdrawn except with Treasurer’s approval
- 20 Unrequired money in accounts, transfer of from
- 21 Closing accounts and consequences of
- 22 Other written laws not affected by this Division
PART 3 -- Funds management
Division 1 -- Supply and appropriation
- 23 Money received by agency, agency may retain in certain cases
- 24 Payments before supply granted, Treasurer’s powers to make etc.
- 25 Appropriations, saving and transfer of in certain cases
- 26 Appropriations, transfer of to suspense account in certain cases
- 27 Expenditure not provided for in, or in excess of amount appropriated by, Appropriation Acts
- 27A Transitional provision for Financial Legislation Amendment Act 2021
- 28 Advances, Treasurer may authorise etc.
- 29 Expenditure under s. 27 and 28 limited
- 30 Unexpended appropriations lapse
- 31 Public Bank Account Interest Earned Account, application of money in
Division 2 -- Payments and transfers
- 32 Certain payments and transfers to be authorised
- 33 Consolidated Account, payments from to be under Governor’s warrant etc.
- 34 Public etc. money received, how to be dealt with
- 35 Public Bank Account, how payments into to be credited
- 36 Other money, how to be dealt with
Division 3 -- Investments
- 37 Public Bank Account, investment of
- 38 Investment under s. 37, application of proceeds of
- 39 Investment by agencies
Division 4 -- Annual estimates of agencies
- 40 Preparation of draft annual estimates
- 41 Approval of annual estimates
Division 5 -- Resource agreements
- 42 Preparation of draft resource agreements
- 43 Agreeing on resource agreements
- 44 Modifying resource agreements
Division 6 -- Write-offs and recoveries
- 47 Terms used
- 48 Write-offs
- 49 Loss of official money or property, liability of officers for
- 50 Recovering amounts from officers liable under s.
- 51 Official losses, investigating
Division 7 -- Financial difficulty
- 51A Notices of financial difficulty
PART 4 -- Accountable authorities
- 52 Each agency to have accountable authority
- 53 Functions of accountable authorities
- 54 Department, who is accountable authority of etc.
- 55 Statutory authority, who is accountable authority of etc.
- 56 Sub-departments, entities that are and accountable authorities of
- 57 Chief finance officers, designation and functions of
- 58 Financial management system, duties of accountable authorities as to
PART 5 -- Reports
Division 1 -- Treasurer’s reports
Division 2 -- Annual reports by agencies
- 60 Terms used
- 61 Annual reports, contents of etc.
- 62 Financial statements for s. 61(1)(a), standards for etc.
- 63 Financial reports etc. to be submitted to Auditor General and Minister
- 64 Minister to table agency’s annual report etc.
- 65 Minister to inform Parliament if annual report and Auditor General’s opinion cannot be tabled on time
Division 3 -- Reporting on abolition of agencies
- 66 Terms used
- 67 Purpose of this Division
- 68 Abolition of agency, reporting after
- 69 Final report, contents of
- 70 Directions by Treasurer for this Division
- 71 Reporting officers entitled to access to accounts etc.
- 72 Reporting officers to submit financial statements etc. to Auditor General
PART 6 -- Miscellaneous
Division 1 -- Delegations and authorisations
- 73 Term used: Treasury Corporation official
- 74 Delegation by Treasurer
- 75 Delegation by Ministers
- 76 Delegation and authorisation by Under Treasurer
- 77 Delegations and authorisations, general provisions about
Division 2 -- Treasurer’s instructions
- 78 Treasurer’s instructions, issue of etc.
Division 3 -- Miscellaneous powers and duties
- 79 Treasurer’s power to require information
- 80 Act of grace payments
- 81 Actions etc. inhibiting etc. Minister’s parliamentary functions prohibited
- 82 Ministerial decisions not to give Parliament certain information about agency to be reported to Parliament etc.
Division 4 -- General
- 83 Laying documents before Parliament, supplementary provision about
- 84 Regulations
- 85 Review of Act