Australian Capital Territory Numbered Acts

FINANCIAL MANAGEMENT LEGISLATION AMENDMENT ACT 2005 (NO. 52 OF 2005) - SECT 32

substitute

31     Responsibilities of chief executives of departments

    (1)     The responsible chief executive of a department is accountable to the responsible Minister of the department for the efficient and effective financial management of the department.

    (2)     Without limiting subsection (1), the responsible chief executive of a department is responsible, under the responsible Minister, for ensuring—

        (a)     that money spent by the department is spent in accordance with appropriations made for the department (including appropriations available under section 34B); and

        (b)     that, as far as practicable, the operations of the department for a financial year are consistent with, and comparable to, the budget for the department for the year; and

        (c)     that the officers and employees of the department comply with this Act (including the financial management guidelines); and

Note     A reference to an Act includes a reference to the statutory instruments made or in force under the Act, including any guideline (see Legislation Act, s 104).

        (d)     that proper accounts and records are kept of the transactions and affairs of the department in accordance with generally accepted accounting principles; and

        (e)     that adequate control is maintained over the assets of the department and assets in the control of the department; and

        (f)     that adequate control is maintained over the incurring of liabilities by the department.

    (3)     A report prepared under the Annual Reports (Government Agencies) Act 2004 for a financial year by the responsible chief executive of a department must include an explanation of material variations between the actual results of the department for the year and the budget for the department for the year.

    (4)     In this section:

"budget", for a department for a financial year, means the budget for the department for the year presented to the Legislative Assembly under section 10 (b) (Budget papers) and, if that budget has been amended under this Act, the budget as amended.