Queensland Consolidated Acts

INDUSTRIAL RELATIONS ACT 2016 - SECT 741

741 Financial management training

(1) This section applies if the registrar approves financial management training for this section.

(2) The organisation must ensure each of its financial management officers completes, within 6 months after the relevant day—

(a) the approved financial management training; or

(b) training approved by—

(i) the general manager of the Fair Work Commission; and

(ii) the registrar for the purposes of this section.

Penalty—

Maximum penalty—40 penalty units.

(3) Subsection (2) does not apply in relation to a financial management officer who is exempt under subsection (4) .

(4) The registrar may exempt a financial management officer from completing training mentioned in subsection (2) if satisfied the officer—

(a) holds relevant or suitable qualifications in financial management; or

(b) is a member of an appropriate professional body for financial managers; or

(c) has sufficient relevant experience in financial management; or

(d) has completed training required by the Commonwealth Registered Organisations Act that corresponds, or substantially corresponds, with the training mentioned in subsection (2) .

(5) The registrar must publish information about financial management training approved for this section on the QIRC website.

(6) In this section—

"financial management officer" , for an organisation, means an officer who holds an office that includes performing functions or exercising powers relating to the organisation’s financial management.

"relevant day" means—

(a) if the officer is a financial management officer on the day the training is approved—that day; or

(b) otherwise—the day the officer becomes, or again becomes, a financial management officer.