Australian Capital Territory Current Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 72

In this part:

"applicable governmental policies", for a territory authority—see section 103.

"establishing Act", for a territory authority, governing board or governing board member, means the Act that establishes the authority or governing board.

"financial year", for a territory authority, means—

        (a)     a period of 12 months beginning on 1 July; or

        (b)     if the territory authority has, in writing, fixed another 12-month period as its financial year—the period fixed.

"governing board member", for a territory authority with a governing board, includes the CEO.

"material interest"—see section 88 (4).

"relevant territory authority"—a territory authority to which part 8 applies is a "relevant territory authority", unless the establishing Act for the authority provides otherwise.