FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 - Table of Sections
Section
Reader's
Guide
Long
Title
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Part 1—Preliminary
1. Short title
[see Note 1]
2. Commencement
[see Note 1]
3. This
Act binds the Crown
4. This
Act extends to things outside Australia
5. Definitions
6. Notional
payments and receipts by Agencies
7. Offences
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Part 3—Collection, custody etc. of public money
8. Agreements
with banks about receipt, transmission etc. of public money
9. Official
bank accounts
10. Public
money must be promptly banked etc.
11. Public
money not to be paid into non-official account
12. Finance
Minister's authority needed for arrangements for receipt etc. of public money
by outsiders
13. Money
not to be withdrawn from official account without authority
14. Misapplication
or improper use of public money
15. Liability
for loss of public money
16. Special
Instructions by Finance Minister about handling etc. of special public money
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Part 4—Accounting, appropriations and payments
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Division 1—Accounts and records in relation to public money
19. Accounts and
records in relation to public money
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Division 1A—Special Accounts
20. Establishment
of Special Accounts by Finance Minister
21. Special
Accounts established by other Acts
22. Disallowance
of determinations relating to Special Accounts
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Division 2—Drawing rights
26. Drawing
rights required for payment etc. of public money
27. Issue
of drawing rights
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Division 3—Appropriations
28. Appropriation
for repayments required or permitted by law
30. Appropriation
to be reinstated for amounts repaid
30A. Appropriations
to take account of recoverable GST
31. Agreements
for "net appropriations"
32. Adjustment
of appropriations on change of Agency functions
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Division 4—Miscellaneous
33. Finance
Minister may approve act of grace payments
34. Finance
Minister may waive debts etc.
35. Finance
Minister may approve payments pending probate etc.
36. Presiding
Officers may approve expenditure
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Part 5—Borrowing and investment
37. Unauthorised
borrowing agreements are invalid
38. Finance
Minister may borrow for short periods
39. Investment
of public money
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Part 6—Control and management of public property
40. Custody etc.
of securities
41. Misapplication
or improper use of public property
42. Liability
for loss etc. of public property
43. Gifts
of public property
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Part 7—Special responsibilities of Chief Executives
44. Promoting
efficient, effective and ethical use of Commonwealth resources
45. Fraud
control plan
46. Audit
committee
47. Recovery
of debts
48. Accounts
and records
49. Annual
financial statements
50. Additional
financial statements and information
51. Reporting
requirements on change of Agency functions
52. Chief
Executive's instructions
53. Chief
Executive may delegate powers
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Part 8—Reporting and audit
54. Finance
Minister must publish monthly financial statements
55. Preparation
of annual statements by Finance Minister
56. Audit
of Finance Minister's annual financial statements
57. Audit
of annual financial statements of Agency
FINANCIAL
MANAGEMENT AND ACCOUNTABILITY ACT 1997
Part 9—Miscellaneous
58. Modifications
of Act for intelligence or security agency
59. Advisory
Committees for reporting on large waivers etc.
60. Misuse
of Commonwealth credit card
62. Finance
Minister may delegate powers
62A. Treasurer
may delegate powers
63. Finance
Minister's Orders
64. Guidelines
by Ministers
65. Regulations