Western Australian Current Regulations

LOCAL GOVERNMENT (FINANCIAL MANAGEMENT) REGULATIONS 1996

TABLE OF PROVISIONS

   PART 1 -- Introductory matters  

   1.      Citation  
   2.      Commencement  
   3.      Terms used  
   4.      AAS, effect of

   PART 2 -- General financial management -- s. 6.10  
   5A. Local governments to comply with AAS  

   5.      CEO’s duties as to financial management  
   6.      Audits and performance review of accounting staff etc., who may conduct  
   7.      Separate ward accounts not to be kept etc.  
   8.      Separate bank etc. accounts required for some moneys  
   9.      Each trading undertaking and major land transaction to have separate financial records  
   10.     Money received, how to be dealt with  
   11.     Payments, procedures for making etc.  
   12.     Payments from municipal fund or trust fund, restrictions on making  
   13.     Payments from municipal fund or trust fund by CEO, CEO’s duties as to etc.  
   13A.    Payments by employees via purchasing cards  
   14.     Information in annual budget and annual financial report  
   15.     Figures in annual budget and financial report must be rounded  
   17A.    Valuation of certain assets for financial reports  
   17B.    CEO to take steps to protect excluded portable and attractive assets  
   17.     Title of reserve accounts  
   18.     When local public notice not required for change of use of money in reserve account (Act s. 6.11(3)(b))  
           19. Investments, control procedures for  
   19AA.   Ministerial approval required to write off repayment of advance payment (Act s. 6.12(4))  
           19A. Maximum rate of interest prescribed (Act s. 6.13(3))  
           19B. Interest on money owing, calculating (Act s. 6.13)  
           19C. Investment of money, restrictions on (Act s. 6.14(2)(a))  
           20. When local public notice not required for exercise of power to borrow (Act s. 6.20(2)(a))  
           21. When local public notice not required for change of use of borrowed money (Act s. 6.20(4)(b))

   PART 3 -- Annual budget -- s. 6.2  
   22. Form and content of annual budget (Act s. 6.2(1))  
   23. Rates information required  

   24.     Service charges information required  
   25.     Revenue from fees and charges, estimate of required  
   26.     Discounts for early payment etc., information about required  
   27.     Notes to annual budget  
   29.     Borrowings information required in notes  
   30.     Previous financial year figures to be shown for comparison  
   31.     Net current assets at start of financial year to be shown  
   32.     Amounts which may be excluded when calculating budget deficiency (Act s. 6.2(3))  
           33. Annual budget to be lodged with Department  
   33A.    Review of budget

   PART 4 -- Financial reports -- s. 6.4  
   34. Financial activity statement required each month (Act s. 6.4)  
   35. Financial position statement required each month  

   36.     Content of annual financial report  
   36A.    Class 3 or 4 local governments do not need to comply with certain AAS in annual financial report  
   37.     Trust fund, information about in annual financial report  
   38.     Information about reserve accounts in annual financial report  
   39.     Information about rates in annual financial report  
   42.     Information about discounts, incentive schemes and concessions in annual financial report  
   43.     Information about interest in annual financial report  
   44.     Information about fees, expenses and allowances in annual financial report  
   48.     Information about borrowings in annual financial report  
   51.     Annual financial report declaration to be signed by CEO

   PART 5 -- Rates and service charges  

   52A.    Characteristics prescribed for differential general rates (Act s. 6.33)  
           52. Percentage prescribed for minimum payment (Act s. 6.35(4))  
           53. Amount prescribed for minimum payment (Act s. 6.35(4))  
           54. Works etc. prescribed for service charges on land (Act s. 6.38(1))  
           55. Rate record, form of etc. (Act s. 6.39(1))  
           56. Rate notice, content of etc. (Act s. 6.41)  
           57. Rate notice where rates being paid by instalments, content of etc. (Act s. 6.41)  
           58. Instalments not available if land in arrears (Act s. 6.45)  
           59. Instalments not available if total less than $200 (Act s. 6.45)  
           60. Instalments, manner of electing to pay by (Act s. 6.45)  
           61. Instalments, additional circumstance when rates may be paid by  
   62.     Rates re-assessed under Act s. 6.40, when rates due etc.  
   63.     Instalments, effect on if land sold  
   64.     Instalments, when to be paid  
   65.     Instalment due on public holiday, payment of  
   66.     Instalments, when right to pay by ceases  
   67.     Instalments, determining additional charge for payment by  
   68.     Maximum interest component prescribed (Act s. 6.45)  
           69. Instalments, calculating interest for (Act s. 6.45(3))  
           69A. When concession under Act s. 6.47 can not be granted  
   70.     Maximum rate of interest prescribed (Act s. 6.51)  
           71. Overdue rates and service charges, calculating interest on  
   72.     Notification prescribed (Act s. 6.64(2))  
           73. Form of notice prescribed (Act s. 6.64(2))  
           74. Form prescribed (Act Sch. 6.3 cl. 1(2)(e))  
   75.     Form prescribed (Act Sch. 6.3 cl. 2(1)(a))  
   76.     Local government to notify Registrar of Titles of payment (Act s. 6.69(3)); effect of notice  
   77.     Application under Act s. 6.74, prerequisites to making  
   78.     Form of application etc. prescribed (Act s. 6.74)

   PART 6 -- Transitional matters  

   79.     Local Government (Financial Management) Amendment Regulations 2012, provisions for  
   80.     Transitional provisions for Local Government Regulations Amendment (Financial Management and Audit) Regulations 2022  
   81.     Transitional provision for Local Government Regulations Amendment Regulations 2023  
           82. Transitional provisions for Local Government Regulations Amendment Regulations (No. 3) 2023
           SCHEDULE 1
           SCHEDULE 2