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This is a Bill, not an Act. For current law, see the Acts databases.
FINANCIAL MANAGEMENT AND ACCOUNTABILITY AMENDMENT (VALUE FOR MONEY IN GOVERNMENT SPENDING) BILL 2010
2008-2009-2010
The Parliament of the
Commonwealth of Australia
THE SENATE
Presented and read a first time
Financial Management and
Accountability Amendment (Value for
Money in Government Spending) Bill
2010
No. , 2010
(Senator Barnett)
A Bill for an Act to amend the Financial
Management and Accountability Act 1997 to ensure
value for money in the use of Commonwealth
resources, and for related purposes
i Financial Management and Accountability Amendment (Value for Money in Government
Spending) Bill 2010 No. , 2010
Contents
1 Short
title
...........................................................................................
1
2 Commencement
.................................................................................
1
3 Schedule(s)
........................................................................................
2
Schedule 1--Amendment of the Financial Management and
Accountability Act 1997
3
Financial Management and Accountability Amendment (Value for Money in Government
Spending) Bill 2010 No. , 2010 1
A Bill for an Act to amend the Financial
1
Management and Accountability Act 1997 to ensure
2
value for money in the use of Commonwealth
3
resources, and for related purposes
4
The Parliament of Australia enacts:
5
1 Short title
6
This Act may be cited as the Financial Management and
7
Accountability Amendment (Value for Money in Government
8
Spending) Act 2010.
9
2 Commencement
10
This Act commences on the day after it receives the Royal Assent.
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2 Financial Management and Accountability Amendment (Value for Money in Government
Spending) Bill 2010 No. , 2010
3 Schedule(s)
1
Each Act that is specified in a Schedule to this Act is amended or
2
repealed as set out in the applicable items in the Schedule
3
concerned, and any other item in a Schedule to this Act has effect
4
according to its terms.
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6
Amendment of the Financial Management and Accountability Act 1997 Schedule 1
Financial Management and Accountability Amendment (Value for Money in Government
Spending) Bill 2010 No. , 2010 3
Schedule 1--Amendment of the Financial
1
Management and Accountability Act
2
1997
3
1 Subsection 44(3) (definition of proper use)
4
After "effective", insert ", value-for-money".
5
Note: The heading to section 44 is altered by inserting ", value-for-money" after "effective".
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