Queensland Numbered Acts Queensland Numbered Acts(1) Before each 31 March—
(a) the commission must prepare a budget—
(i) of estimated costs of the commission for the next financial year; and
(ii) consistent with the strategic priorities of the commission; and
(b) the commissioners must approve giving the budget and the commission's financial management policies to the Minister; and
(c) the commission must give the approved budget and financial management policies to the Minister.
(2) The Minister must approve, or refuse to approve, the budget and financial management policies by each 30 April.
(3) However, a failure by the Minister to act under subsection (2) does not prevent the Minister approving, or refusing to approve, a budget or financial management policy at a later time.
(4) A budget or financial management policy has no effect until it has been approved by the Minister.
(5) During a financial year the commission may prepare amendments to the budget for that year.
(6) An amendment of a budget has no effect until it has been approved by—
(a) for a minor amendment—the chairperson in consultation with the part-time commissioners; or
(b) otherwise—the Minister on the recommendation of the chairperson in consultation with the part-time commissioners.
(7) If the chairperson and the part-time commissioners differ about what should be recommended to the Minister for an approval under this section, the Minister may still give the approval.
(8) In this section—
financial management policies means the policies to be observed in financial and performance management by the commission.
Note—
Under the Financial Accountability Act 2009, section 57 the commission must comply with a provision of a financial and performance standard that applies to the commission as a statutory body.
minor amendment, of an annual budget, means an amendment of a minor nature that does not change the total of the estimated costs mentioned in the budget.