New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 3.6

3.6 Policies and procedures for financial management of GSF agencies

(1) The accountable authority for a GSF agency is--

(a) to develop, maintain and make available financial management policies and procedures, and

(b) to establish, maintain and keep under review each of the following--

(i) effective systems for risk management, internal control and assurance (including by means of internal audits) that are appropriate systems for the agency,

(ii) arrangements for protecting the integrity of financial and performance information,

(iii) arrangements for ensuring that there is compliance with this Act, and

(c) to ensure that the agency complies with those policies and procedures.

(2) The regulations and Treasurer's directions may make provision for or with respect to--

(a) financial management policies and procedures for the purposes of subsection (1) (a), and

(b) systems and arrangements for the purposes of subsection (1) (b).

(3) This section does not prevent a GSF agency from developing, establishing or maintaining additional policies, procedures or systems to those required by or under this section provided that they are not inconsistent with those that are required.