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Queensland
FINANCIAL
ADMINISTRATION AND
AUDIT AMENDMENT BILL
1996
Queensland
FINANCIAL ADMINISTRATION AND
AUDIT AMENDMENT BILL 1996
TABLE OF PROVISIONS
Section Page
PART 1--PRELIMINARY
1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
PART 2--AMENDMENT OF FINANCIAL ADMINISTRATION
AND AUDIT ACT 1977
3 Act amended in pt 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
4 Amendment of s 5 (Interpretation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
5 Insertion of new s 5AA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
5AA Meaning of "department" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
6 Amendment of s 11 (Powers of Treasurer re trust and special funds) . . . . . 8
7 Insertion of new s 11A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
11A Payment of interest on funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
8 Amendment of pt 2, div 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
9 Amendment of s 14 (Moneys to be kept at bank) . . . . . . . . . . . . . . . . . . . . . 9
10 Amendment of s 15 (Bank accounts) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
11 Amendment of s 16 (Overdrafts) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
12 Amendment of s 17 (The public bank accounts) . . . . . . . . . . . . . . . . . . . . . 10
13 Amendment of s 18 (Departmental bank accounts) . . . . . . . . . . . . . . . . . . . 10
14 Amendment of s 27 (Charging of expenditure) . . . . . . . . . . . . . . . . . . . . . . . 10
15 Omission of s 28 (Manner of issue of moneys from the public
bank accounts) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
16 Amendment of s 34A (Recovery of expenditure) . . . . . . . . . . . . . . . . . . . . . 11
17 Replacement of s 34B (Appropriations where departments levy
charges for goods and services) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
2
Financial Administration and Audit Amendment
34B Appropriation if department levies charges for goods or
services or disposes of certain assets . . . . . . . . . . . . . . . . . . . . . . . . . 11
18 Amendment of s 36 (Functions and duties of accountable officer) . . . . . . . 11
19 Amendment of s 36A (Delegation by accountable officer) . . . . . . . . . . . . . 12
20 Omission of s 37 (Departmental appropriation accounts) . . . . . . . . . . . . . . 12
21 Amendment of s 37B (Annual report by department) . . . . . . . . . . . . . . . . . . 12
22 Amendment of s 39 (Treasurer's annual statement) . . . . . . . . . . . . . . . . . . . 12
23 Omission of s 39A (Departmental statements) . . . . . . . . . . . . . . . . . . . . . . . 12
24 Amendment of s 40 (General purpose financial statements) . . . . . . . . . . . . 12
25 Amendment of s 41 (Power of Treasurer to invest moneys) . . . . . . . . . . . . 13
26 Amendment of s 46 (Treasurer's unclaimed moneys fund) . . . . . . . . . . . . . 14
27 Amendment of s 46C (Functions and duties) . . . . . . . . . . . . . . . . . . . . . . . . 14
28 Amendment of s 46F (Statutory body to prepare annual financial
statements) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
29 Replacement of s 46K (Control of moneys and property of
statutory body) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
PART 3A--TABLING OF ANNUAL REPORTS
46K Appropriate Minister must table reports . . . . . . . . . . . . . . . . . . . . . . . 16
46KA Summary reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
46KB Minister to explain late tabling of annual report . . . . . . . . . . . . . . . . 17
46KC Procedure if Legislative Assembly not in session or sitting . . . . . . . 18
30 Amendment of pt 4 (Public finance standards) . . . . . . . . . . . . . . . . . . . . . . . 18
31 Replacement of s 46L (Public Finance Standards) . . . . . . . . . . . . . . . . . . . 19
46L Financial management standards . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
46LA Requirements before making a financial management standard . . . 19
46LB Financial management standard may include commentary
about its operation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
46LC Exemption from financial management standards . . . . . . . . . . . . . . 20
32 Omission of s 46N (Appropriate Minister to table reports) . . . . . . . . . . . . . 20
33 Amendment of s 52 (Terms of appointment) . . . . . . . . . . . . . . . . . . . . . . . . . 21
34 Amendment of s 85 (Access to documents and property) . . . . . . . . . . . . . . 21
35 Amendment of s 107 (Recovery of moneys and the value of property) . . . 21
36 Amendment of s 109 (Delegation by Treasurer) . . . . . . . . . . . . . . . . . . . . . . 21
37 Amendment for "public finance standards" . . . . . . . . . . . . . . . . . . . . . . . . . . 22
3
Financial Administration and Audit Amendment
PART 3--AMENDMENT OF PUBLIC SECTOR MANAGEMENT
COMMISSION ACT 1990
38 Act amended in pt 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
39 Replacement of s 4.15 (Inconsistency between standards and Act etc.) . . 22
4.15 Inconsistency between standards and Acts etc. . . . . . . . . . . . . . . . . . 23
PART 4--REPEALS
40 Repealed Acts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . . 24
ACTS REPEALED
1996
A BILL
FOR
An Act to amend the Financial Administration and Audit Act 1977, and
for other purposes
s1 6 s4
Financial Administration and Audit Amendment
The Parliament of Queensland enacts-- 1
PART 1--PRELIMINARY 2
title 3
Short
Clause 1. This Act may be cited as the Financial Administration and Audit 4
Amendment Act 1996. 5
6
Commencement
Clause 2. This Act commences on a day to be fixed by proclamation. 7
PART 2--AMENDMENT OF FINANCIAL 8
ADMINISTRATION AND AUDIT ACT 1977 9
amended in pt 2 10
Act
Clause 3. This part amends the Financial Administration and Audit Act 1977. 11
of s 5 (Interpretation) 12
Amendment
Clause 4.(1) Section 5, heading-- 13
omit, insert-- 14
`Definitions'. 15
(2) Section 5(1), definitions "department", "permanent head" and 16
"prescribed accounting standards"-- 17
omit. 18
(3) Section 5(1)-- 19
insert-- 20
s5 7 s5
Financial Administration and Audit Amendment
` "department" see section 5AA. 1
"financial-institution account" means an account established and kept at a 2
financial institution. 3
"prescribed accounting standards" means the Australian Accounting 4
Standards, the Statements of Accounting Concepts and the Urgent 5
Issues Group Abstracts applied under this Act, either as made or 6
changed, by the Public Finance Standards. 7
"summary report" see section 46KA(2).'. 8
(4) Section 5(1), definition "accounting officer", paragraph (b)-- 9
omit, insert-- 10
`(b) is charged with any duty relating to collecting, receiving, keeping 11
in custody, depositing in a financial institution or accounting for 12
public moneys or other moneys, or collects, receives, keeps in 13
custody, deposits into a financial institution or accounts for public 14
moneys or other moneys; or'. 15
(5) Section 5(1), definitions "losses" and "Public Finance 16
Standards"-- 17
omit. 18
(6) Section 5(1)-- 19
insert-- 20
` "financial management standard" means a standard made under 21
section 46L.1'. 22
(7) Section 5(2)-- 23
omit. 24
of new s 5AA 25
Insertion
Clause 5. After section 5-- 26
insert-- 27
1 Section 46L (Financial management standards)
s6 8 s7
Financial Administration and Audit Amendment
of "department" 1
`Meaning
`5AA.(1) A department includes-- 2
(a) a part of a department; or 3
(b) an authority, instrumentality or body corporate that-- 4
(i) represents the State; or 5
(ii) is established under an Act; or 6
(iii) is established for a purpose connected with the government 7
of the State. 8
`(2) However, an authority, instrumentality or body corporate is a 9
department under subsection (1)(b) only if-- 10
(a) its receipts are paid, in whole or part, into a fund of the public 11
accounts; or 12
(b) its expenditure is paid, in whole or part, out of a fund of the 13
public accounts. 14
`(3) For subsection (2)(b), the expenditure is not taken to be paid, in 15
whole or part, out of a fund of the public accounts merely because a 16
payment in the nature of a grant in aid, endowment or subsidy is made to 17
the authority, instrumentality or body corporate from the public accounts 18
under an appropriation.'. 19
of s 11 (Powers of Treasurer re trust and special funds) 20
Amendment
Clause 6. Section 11(3)-- 21
omit. 22
of new s 11A 23
Insertion
Clause 7. After section 11, in part 2, division 1-- 24
insert-- 25
of interest on funds 26
`Payment
`11A. The Treasurer may approve the payment of interest on amounts in 27
a fund of the public accounts in the way and at the rate the Treasurer 28
decides.'. 29
s8 9 s 11
Financial Administration and Audit Amendment
of pt 2, div 3 1
Amendment
Clause 8. Part 2, division 3, heading-- 2
omit, insert-- 3
`Division 3--Accounts with financial institutions'. 4
of s 14 (Moneys to be kept at bank) 5
Amendment
Clause 9.(1) Section 14, heading-- 6
omit, insert-- 7
`Moneys to be kept at financial institution'. 8
(2) Section 14, `bank in accordance with the prescribed requirements'-- 9
omit, insert-- 10
`financial institution'. 11
of s 15 (Bank accounts) 12
Amendment
Clause 10.(1) Section 15, heading-- 13
omit, insert-- 14
`Financial-institution accounts'. 15
(2) Section 15, `bank'-- 16
omit, insert-- 17
`financial institution'. 18
of s 16 (Overdrafts) 19
Amendment
Clause 11. Section 16, `bank'-- 20
omit, insert-- 21
`financial-institution'. 22
s 12 10 s 14
Financial Administration and Audit Amendment
of s 17 (The public bank accounts) 1
Amendment
Clause 12.(1) Section 17(1)-- 2
omit, insert-- 3
`17.(1) The public bank accounts consist of the bank accounts kept for 4
the public accounts.'. 5
(2) Section 17(3)(a), `bank'-- 6
omit, insert-- 7
`financial-institution'. 8
of s 18 (Departmental bank accounts) 9
Amendment
Clause 13.(1) Section 18(1), heading-- 10
omit, insert-- 11
`Departmental financial-institution accounts'. 12
(2) Section 18(1), `a bank'-- 13
omit, insert-- 14
`a financial institution'. 15
(3) Section 18(1), `bank accounts'-- 16
omit, insert-- 17
`financial-institution accounts'. 18
(4) Section 18(2), (3) and (4), `bank account'-- 19
omit, insert-- 20
`financial-institution account'. 21
of s 27 (Charging of expenditure) 22
Amendment
Clause 14. Section 27(1), `bank'-- 23
omit. 24
s 15 11 s 18
Financial Administration and Audit Amendment
of s 28 (Manner of issue of moneys from the public bank 1
Omission
accounts) 2
Clause 15. Section 28-- 3
omit. 4
of s 34A (Recovery of expenditure) 5
Amendment
Clause 16. Section 34A(2)-- 6
omit, insert-- 7
`(2) The Treasurer's direction must be noted in the general purpose 8
financial statements prepared under section 40.'. 9
of s 34B (Appropriations where departments levy 10
Replacement
charges for goods and services) 11
Clause 17. Section 34B-- 12
omit, insert-- 13
if department levies charges for goods or services or 14
`Appropriation
disposes of certain assets 15
`34B.(1) The Treasurer may, in writing, authorise the accountable officer 16
to apply this section to all or part of a department's receipts from-- 17
(a) a levying of a charge for goods or services; or 18
(b) a disposal of assets other than land or buildings. 19
`(2) If the Treasurer acts under subsection (1), an amount equal to the 20
receipts or part of the receipts, is taken to be appropriated to meet the 21
department's expenditure in the financial year in which this section is 22
applied to them. 23
`(3) The Treasurer's authorisation must be noted in the general purpose 24
financial statements prepared under section 40.'. 25
of s 36 (Functions and duties of accountable officer) 26
Amendment
Clause 18. Section 36(1)(d)(ii), `banking of and accounting for'-- 27
s 19 12 s 24
Financial Administration and Audit Amendment
omit, insert-- 1
`depositing in a financial institution of, and accounting for,'. 2
of s 36A (Delegation by accountable officer) 3
Amendment
Clause 19. Section 36A(2)-- 4
omit. 5
of s 37 (Departmental appropriation accounts) 6
Omission
Clause 20. Section 37-- 7
omit. 8
of s 37B (Annual report by department) 9
Amendment
Clause 21. Section 37B(3)(d), from `departmental' to `account,'-- 10
omit, insert-- 11
`general purpose financial statements'. 12
of s 39 (Treasurer's annual statement) 13
Amendment
Clause 22. Section 39(2)(a), after `question'-- 14
insert-- 15
`either be in accordance with prescribed accounting standards or'. 16
of s 39A (Departmental statements) 17
Omission
Clause 23. Section 39A-- 18
omit. 19
of s 40 (General purpose financial statements) 20
Amendment
Clause 24.(1) Section 40(3)-- 21
omit. 22
s 25 13 s 25
Financial Administration and Audit Amendment
(2) Section 40(5)-- 1
omit, insert-- 2
`(5) If subsection (6) applies to the department, the certificates under 3
subsections (3) and (5) must be changed to refer to the consolidated 4
financial statements.'. 5
(3) Section 40(2) to (5)-- 6
renumber as section 40(5) to (7). 7
(4) Section 40(1)-- 8
omit, insert-- 9
`40.(1) The accountable officer of a department must-- 10
(a) prepare general purpose financial statements for the financial year 11
in accordance with the prescribed requirements; and 12
(b) give the statements to the auditor-general. 13
`(2) The accountable officer must comply with subsection (1) 14
within 2 months after the end of each financial year or the longer period 15
agreed to between the accountable officer and the auditor-general. 16
`(3) The accountable officer and the officer responsible for the financial 17
administration of the department or the activity or fund to which the 18
statements relate (the "officers") must each certify on the statements 19
whether, in their opinion-- 20
(a) the prescribed requirements for establishing and keeping the 21
accounts have been complied with in all material respects; and 22
(b) the statements have been drawn up to present a true and fair view, 23
in accordance with prescribed accounting standards, of the 24
transactions for the financial year to which they relate and of the 25
financial position at the end of the year. 26
`(4) The officers must certify the statements before they are certified by 27
the auditor-general.'. 28
of s 41 (Power of Treasurer to invest moneys) 29
Amendment
Clause 25.(1) Section 41(1)(b)-- 30
s 26 14 s 27
Financial Administration and Audit Amendment
omit, insert-- 1
`(b) at a financial institution an account relating to the Treasury 2
investment suspense account called the `Treasury investment 3
suspense financial-institution account';'. 4
(2) Section 41(1), `departmental bank account'-- 5
omit, insert-- 6
`departmental financial-institution account'. 7
(3) Section 41(2)(b)(i), `bank'-- 8
omit, insert-- 9
`financial-institution'. 10
(4) Section 41(2)(b)(iii), `bank'-- 11
omit, insert-- 12
`financial-institution'. 13
(5) Section 41(4)(a) and (c), `bank'-- 14
omit, insert-- 15
`financial-institution'. 16
of s 46 (Treasurer's unclaimed moneys fund) 17
Amendment
Clause 26. Section 46(1)-- 18
omit, insert-- 19
`46.(1) The Treasurer must keep a fund called the `Treasurer's unclaimed 20
moneys fund'. 21
`(1A) The fund does not form part of the public accounts.'. 22
of s 46C (Functions and duties) 23
Amendment
Clause 27.(1) Section 46C(c)-- 24
omit, insert-- 25
`(c) subject to the prescribed requirements and the body's investment 26
powers under the Statutory Bodies Financial Arrangements Act 27
s 28 15 s 28
Financial Administration and Audit Amendment
1982--keep at a financial institution all moneys of, or under the 1
control of, the statutory body;'. 2
(2) Section 46C(e)(ii), `banking of and accounting for'-- 3
omit, insert-- 4
`depositing in a financial institution of, and accounting for,'. 5
of s 46F (Statutory body to prepare annual financial 6
Amendment
statements) 7
Clause 28.(1) Section 46F(1B)-- 8
omit, insert-- 9
`(1B) If subsection (5) applies to the statutory body, the certificate under 10
subsection (3) must be changed to refer to the consolidated financial 11
statements.'. 12
(2) Section 46F(2)-- 13
omit. 14
(3) Section 46F(5), `subsection (1)(b)'-- 15
omit, insert-- 16
`subsection (3)'. 17
(4) Section 46F(1A) to (5)-- 18
renumber as section 46F((5) to (9). 19
(5) Section 46F(1)-- 20
omit, insert-- 21
`46F.(1) A statutory body must-- 22
(a) prepare annual financial statements for the financial year in 23
accordance with the prescribed requirements, whether as general 24
purpose financial statements or in another way required by the 25
prescribed requirements; and 26
(b) give the statements to the auditor-general. 27
`(2) The statutory body must comply with subsection (1) 28
within 2 months after the end of each financial year or the longer period 29
s 29 16 s 29
Financial Administration and Audit Amendment
agreed to between the body and the auditor-general. 1
`(3) The chairperson of the statutory body and the person responsible for 2
the financial administration of the statutory body (the "officers") must each 3
certify on the statements whether, in their opinion-- 4
(a) the prescribed requirements for establishing and keeping the 5
accounts have been complied with in all material respects; and 6
(b) for-- 7
(i) general purpose financial statements--the statements have 8
been drawn up to present a true and fair view, in accordance 9
with prescribed accounting standards, of the statutory body's 10
transactions for the financial year to which they relate and of 11
the financial position at the end of the year; or 12
(ii) other financial statements--the statements have been drawn 13
up to present a true and fair view of the statutory body's 14
transactions for the financial year to which they relate and of 15
the financial position at the end of the year. 16
`(4) The officers must certify the statements before they are certified by 17
the auditor-general.'. 18
of s 46K (Control of moneys and property of statutory 19
Replacement
body) 20
Clause 29. Section 46K-- 21
omit, insert-- 22
ART 3A--TABLING OF ANNUAL REPORTS 23
`P
Minister must table reports 24
`Appropriate
`46K. Within 14 days after receiving the annual report of a department or 25
statutory body, the appropriate Minister must table a copy of it in the 26
Legislative Assembly. 27
s 29 17 s 29
Financial Administration and Audit Amendment
reports 1
`Summary
`46KA.(1) This section applies if the appropriate Minister administers a 2
number of statutory bodies of a like nature having the same financial year. 3
`(2) The appropriate Minister may prepare a report (a "summary 4
report") for the statutory bodies for a particular financial year. 5
`(3) Instead of tabling separate reports in the Legislative Assembly for 6
the statutory bodies, the appropriate Minister may-- 7
(a) table the summary report in the Legislative Assembly 8
within 1 month after receiving the last of the annual reports for 9
the statutory bodies; or 10
(b) incorporate the summary report in-- 11
(i) a department's annual report; or 12
(ii) the annual report of a body helping the Minister in 13
administering the Act under which the statutory bodies are 14
established. 15
`(4) If the appropriate Minister acts under subsection (3)(b)(ii), the 16
Minister must table the body's annual report in the Legislative Assembly 17
within 1 month after receiving the last of the annual reports for the statutory 18
bodies. 19
to explain late tabling of annual report 20
`Minister
`46KB.(1) This section applies if the appropriate Minister tables, in the 21
Legislative Assembly-- 22
(a) the annual report of a department or statutory body (other than a 23
summary report) later than 4 months and 14 days after the end of 24
a financial year; or 25
(b) a summary report later than 5 months after the end of the 26
statutory bodies' financial year. 27
`(2) The Minister must also give the Legislative Assembly a written 28
statement-- 29
(a) stating the report is being tabled late; and 30
s 30 18 s 30
Financial Administration and Audit Amendment
(b) stating the length of the delay; and 1
(c) explaining the reasons for the delay. 2
if Legislative Assembly not in session or sitting 3
`Procedure
`46KC.(1) This section applies if the Legislative Assembly is not in 4
session or is not actually sitting when the appropriate Minister is required to 5
do any of the following things-- 6
(a) table a copy of an annual report in the Legislative Assembly; 7
(b) give the Legislative Assembly a written statement about the late 8
tabling of an annual report; 9
(c) if the Minister has given a department or statutory body an 10
extension of time for giving the Minister a copy of its annual 11
report--give the Legislative Assembly an explanation for giving 12
the extension. 13
`(2) The appropriate Minister must give a copy of the report, the written 14
statement or the explanation to the clerk of the Parliament. 15
`(3) The clerk must table the report, statement or explanation before the 16
Legislative Assembly on its next sitting day. 17
`(4) The report, statement or explanation is taken to have been tabled in 18
the Legislative Assembly on the day it is given to the clerk. 19
`(5) The day of receipt of the report, statement or explanation must be 20
recorded in the votes and proceedings on the next sitting day. 21
`(6) If the Legislative Assembly orders the report, statement or 22
explanation to be printed, the report, statement or explanation is taken to 23
have been ordered to be printed by the Legislative Assembly on the day the 24
clerk receives it.'. 25
of pt 4 (Public finance standards) 26
Amendment
Clause 30. Part 4, heading-- 27
omit, insert-- 28
`PART 4--STANDARDS ABOUT FINANCIAL 29
MANAGEMENT'. 30
s 31 19 s 31
Financial Administration and Audit Amendment
of s 46L (Public Finance Standards) 1
Replacement
Clause 31. Section 46L-- 2
omit, insert-- 3
management standards 4
`Financial
`46L.(1) The Treasurer may make standards about the following-- 5
(a) the policies and principles to be observed in financial 6
management, including planning, performance management, 7
internal control and corporate management; 8
(b) the content of financial statements and annual reports; 9
(c) the matters to be included in financial management practice 10
manuals. 11
`(2) A standard may, under the Statutory Instruments Act 1992, 12
section 23, apply, adopt or incorporate the provisions of a document (as in 13
force at a particular time) that is made by the Treasurer or published by the 14
department within which this provision is administered. 15
`(3) Each accountable officer and statutory body must comply with 16
relevant provisions of a standard. 17
`(4) A standard is subordinate legislation. 18
before making a financial management standard 19
`Requirements
`46LA. Before making a financial management standard, the Treasurer 20
must-- 21
(a) have regard to relevant standards made by appropriate 22
professional bodies; and 23
(b) consult with the auditor-general about the standard. 24
management standard may include commentary about its 25
`Financial
operation 26
`46LB.(1) If the Treasurer considers it desirable, a financial management 27
standard may include a commentary about the operation of a provision of 28
the standard. 29
s 32 20 s 33
Financial Administration and Audit Amendment
`(2) However, the commentary is not part of the standard. 1
`(3) To remove any doubt, if the standard includes a commentary about 2
the operation of a provision-- 3
(a) the commentary is not meant to be exhaustive; and 4
(b) the commentary and the provision are to be read in the context of 5
each other and the other provisions of the standard but, if the 6
commentary and the provision so read are inconsistent, the 7
provision prevails. 8
from financial management standards 9
`Exemption
`46LC.(1) The Treasurer may, in writing, exempt a department or 10
statutory body from complying with a financial management standard (in 11
whole or part). 12
`(2) However, before giving the exemption, the Treasurer must consult 13
with the auditor-general about the proposed exemption. 14
`(3) The Treasurer may impose conditions on the exemption. 15
`(4) If the exemption relates to a prescribed accounting standard, the 16
department or statutory body must disclose the extent and financial 17
implications of non-compliance with the standard in its general purpose 18
financial statements.'. 19
of s 46N (Appropriate Minister to table reports) 20
Omission
Clause 32. Section 46N-- 21
omit. 22
of s 52 (Terms of appointment) 23
Amendment
Clause 33. Section 52-- 24
insert-- 25
`(2A) For subsection (2), remuneration and allowances payable to the 26
chief executive of a department does not include any part of a performance 27
bonus payable to the chief executive under the chief executive's contract.'. 28
s 34 21 s 37
Financial Administration and Audit Amendment
of s 85 (Access to documents and property) 1
Amendment
Clause 34. Section 85(3)(a)(ii), `bank or other'-- 2
omit. 3
of s 107 (Recovery of moneys and the value of property) 4
Amendment
Clause 35. Section 107(4)(a), `bank'-- 5
omit, insert-- 6
`financial-institution'. 7
of s 109 (Delegation by Treasurer) 8
Amendment
Clause 36.(1) Section 109(2)(e) to (h)-- 9
renumber as section 109(2)(f) to (i). 10
(2) Section 109(2)(a) to (d)-- 11
omit, insert-- 12
`(a) section 11(4) (Powers of Treasurer re trust and special funds); 13
(b) section 11A (Payment of interest on funds); 14
(c) section 14 (Moneys to be kept at financial institution); 15
(d) section 16 (Overdrafts); 16
(e) section 18 (Departmental financial-institution accounts);'. 17
(3) Section 109(3)-- 18
omit. 19
for "public finance standards" 20
Amendment
Clause 37.(1) This section amends the following provisions-- 21
· section 5, definition "prescribed accounting standards" 22
· section 5, definition "prescribed requirements" 23
· section 12(a) 24
· section 36(1)(h) 25
s 38 22 s 39
Financial Administration and Audit Amendment
· section 37B(3)(b) 1
· section 40(6) 2
· section 46F(5) 3
· section 46G(1A) 4
· section 46M(1). 5
(2) In the provisions mentioned in subsection (1), `Public Finance 6
Standards'-- 7
omit, insert-- 8
`financial management standards'. 9
ART 3--AMENDMENT OF PUBLIC SECTOR 10
P
MANAGEMENT COMMISSION ACT 1990 11
amended in pt 3 12
Act
Clause 38. This part amends the Public Sector Management Commission Act 13
1990. 14
of s 4.15 (Inconsistency between standards and Act etc.) 15
Replacement
Clause 39. Section 4.15-- 16
omit, insert-- 17
between standards and Acts etc. 18
`Inconsistency
`4.15. If there is an inconsistency between a standard and this Act, 19
another Act or a financial management standard made under the Financial 20
Administration and Audit Act 1977, this Act, the other Act or the financial 21
management standard prevails to the extent of the inconsistency.'. 22
s 40 23 s 40
Financial Administration and Audit Amendment
PART 4--REPEALS 1
Acts 2
Repealed
Clause 40. The Acts mentioned in the schedule are repealed. 3
24
Financial Administration and Audit Amendment
CHEDULE 1
¡S
CTS REPEALED 2
A
section 40 3
Government Loan Act 1964 No. 31 4
Government Loan Act 1966 No. 2 5
Government Loan Act 1968 No. 28 6
Government Loan Act 1971 No. 7 7
Government Loan Act 1974 No. 67 8
Government Loan Act 1976 No. 70 9
Government Loan Act 1980 No. 50 10
11
12
© State of Queensland 1996
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