Changes to Financial Reporting and Spending Rules for Government Departments
Financial Management Legislation Amendment Bill 2025
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Accountable officers of declared bodies must manage operations and public resources in a financially effective, economical, efficient and sustainable manner.
Boards of declared bodies must ensure their accountable officer meets these financial management obligations.
Accountable officers of departments and public bodies must report on their financial management to the Department of Treasury and Finance and their responsible department.
Accountable officers of departments and public bodies must set up effective financial controls and reporting mechanisms.
Chief finance officers of departments and public bodies are responsible to the accountable officer and the relevant Minister for assisting with financial obligations.
Boards of prescribed offices and public bodies must report on their own obligations to the Department of Treasury and Finance and their responsible department.
Boards of prescribed offices and public bodies must oversee the accountable officer to ensure financial management obligations are met.
News articles and press releases
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