Northern Territory Numbered Acts Northern Territory Numbered Acts(1) The CEO of the Agency may, by Gazette notice, appoint a financial controller for a council or a local government subsidiary if the CEO considers the council or local government subsidiary is not:
(a) performing its financial responsibilities appropriately; or
(b) complying with this Act.
(2) A financial controller is responsible for:
(a) implementing financial controls as directed by the CEO of the Agency; and
(b) performing other related duties as directed by the CEO of the Agency.
(3) The council or local government subsidiary must cooperate fully with the financial controller.
(4) If a financial controller is appointed, the council or local government subsidiary must obtain the financial controller's authorisation before undertaking any of the following:
(a) a transaction from an account kept by the council or local government subsidiary with a financial institution;
(b) any other type of expenditure;
(c) any future financial commitments.
(5) If the financial controller believes on reasonable grounds that a decision, resolution or order to make a payment is financially unsound, the financial controller must:
(a) refuse to make a payment; and
(b) advise the CEO of the Agency and the council about why the decision, resolution or order is financially unsound.
(6) In this section:
"financially unsound", in relation to a decision, resolution or order, means the decision, resolution or order:
(a) may cause the council or local government subsidiary to become insolvent; or
(b) would result in unlawful expenditure by the council or local government subsidiary; or
(c) would result in a disbursement from a fund that is not provided for in the council's or local government subsidiary's budget; or
(d) would result in expenditure from grant moneys for a purpose other than the purpose for which the grant was given.