S. 3 def. of department substituted by No. 46/1998 s. 7(Sch. 1), amended by No. 108/2004 s. 117(1) (Sch. 3 item 77.1). department means— (a) a department within the meaning of the Public Administration Act 2004; (b) an office specified in section 16(1) of that Act; enactment means a rule, regulation, by-law, order, Order in Council, proclamation or other instrument of a legislative character; S. 3 def. of financial inserted by No. 43/1995 s. 8. financial accommodation has the same meaning as in the Borrowing and Investment Powers Act 1987; S. 3 def. of financial year amended by No. 75/1994 s. 5(1)(c). financial year means— (a) in relation to a public body— s. 3 (i) if the Minister has made a determination under section 6 with respect to the financial year of that public body, the period referred to in the determination; (ii) if a period is determined by or under any other Act to be the financial year for that public body, that period; (b) in any other case, the period of 12 months ending at midnight on 30 June; S. 3 def. of public body amended by Nos 75/1994 s. 5(1)(d)(i)(ii), 43/1995 s. 7(1)(a). public body means— (a) a public statutory authority; (b) a State business corporation or State body within the meaning of the State Owned Enterprises Act 1992;
Pt 3 (Heading) substituted by No. 1/1998 s. 5. S. 13 substituted by No. 1/1998 s. 6. 13 Public ledger s. 13 The Minister must ensure that a ledger is established and maintained to record— (a) transactions on the Public Account; and (b) expenses and obligations incurred that are to be met out of the Public Account; and (c) such other transactions and such account balances as the Minister determines. S. 14 amended by No. 11/2001 s. 3(Sch. item 26.2). 14 Public Account The Minister must open and maintain the Public Account with such authorised deposit-taking institution or institutions as the Minister determines. 15 Accounts of departments S. 15(1) amended by No. 11/2001 s. 3(Sch. item 26.3). (1) A department may, with the approval in writing of the Minister, and in accordance with such terms and conditions as the Minister determines, open and maintain an account with an authorised deposit-taking institution or institutions. S. 15(2) amended by No. 11/2001 s. 3(Sch. item 26.4). (2) Unless the Minister otherwise determines in writing, an account opened under this section does not form part of the Public Account. S. 15(3) amended by No. 11/2001 s. 3(Sch. item 26.4). (3) Money must not be withdrawn from an account opened under this section except in accordance with the regulations and directions.
(2) The Minister must not recommend an allocation under this section unless satisfied— S. 28(2)(a) amended by No. 1/1998 s. 10(a)(ii). (a) that it is for purposes considered prudent and advantageous in the current financial year; and S. 28(2)(b) amended by No. 1/1998 s. 10(a)(iii). (b) that the benefit of that allocation will accrue, or continue, in the next financial year. S. 28(3) amended by No. 1/1998 s. 10(a)(iv). (3) An amount approved for allocation to a department in a financial year must not exceed an amount equal to 3 per centum of the amount appropriated for the purposes of the department in the annual appropriation for that year. (4) The Minister may issue out of the Consolidated Fund amounts not exceeding in a financial year a total amount equal to one half of one per centum of the annual appropriation for that year and the Consolidated Fund is appropriated accordingly. S. 29 amended by Nos 75/1994 s. 7(1)(b), 43/1995 s. 7(1)(e), 1/1998 s. 10(b)(c), substituted by No. 26/2006 s. 6. 29 Appropriation of certain revenue and asset proceeds (1) This section applies if a Schedule to an appropriation Act provides that this section applies in relation to an item in respect of a department set out in that Schedule. (2) If this section applies— (a) revenue receivable— (i) from the provision of outputs by the department; or (ii) by way of specific purpose payment by the Commonwealth; or (iii) by way of specific purpose payment by a municipal council; or
leviable authority were not a public authority. (3) The Treasurer or authorised person may, in determining the levy in accordance with subsection (1), have regard to such matters as the Treasurer or person determines. (4) The levy is payable at such times, and in such manner, as the Treasurer determines and may be recovered as a debt due to the State. (5) In this section, leviable period, in relation to a leviable authority, means a financial year or such shorter period as the Treasurer determines from time to time in relation to that authority. S. 40O inserted by No. 43/1995 s. 9. 40O Leviable authority not liable to pay guarantee charge s. 40O A leviable authority that is liable to pay a financial accommodation levy under this Part in respect of financial accommodation is not liable to pay a guarantee charge under Part 6B in respect of that financial accommodation. _______________ S. 41 repealed by No. 9/2000 s. 5(1)(b). * * * * * 42 Accountable officer s. 42 S. 42(1) amended by No. 75/1994 s. 7(1)(d). (1) For the purposes of this Act, there must be an accountable officer for each department and public body. (2) Unless the Minister otherwise determines— (a) the accountable officer for a department is the department head of that department; and
in accordance with this Part, financial statements of the department or public body for the financial year. (2) The accountable officer of each department and public body must submit the financial statements of the department or public body to the within 8 weeks after the end of the financial year. S. 45(3) amended by Nos 93/1997 s. 28(Sch. item 13), 53/1999 s. 24(3)(c). (3) Subsection (2) does not apply to a public body that is not required under the Audit Act 1994 or any other Act to have its financial statements or accounts audited by the Auditor-General. S. 45(3A) inserted by No. 53/1999 s. 24(4). (3A) A public body or the relevant Minister of a department must submit the report of operations of the public body or department (as the case may be) to the Auditor-General as soon as practicable after it has been prepared. S. 45(4) amended by Nos 46/1998 s. 7(Sch. 1), 108/2004 s. 117(1) (Sch. 3 item 77.2). (4) The financial statements of an Administrative Office within the meaning of the Public Administration Act 2004 (other than the Environment Protection Authority) must be incorporated in and consolidated with the financial statements for that financial year of the department. S. 45(5) inserted by No. 53/1999 s. 24(5). (5) This section does not apply to the Victorian Auditor-General's Office. S. 46 amended by No. 75/1994 s. 7(3), substituted by No. 43/1995 s. 4. 46 Tabling requirements s. 46
Assent Date: 5.12.95 Commencement Date: S. 26 on 5.12.95: s. 2(1) : This information relates only to the provision/s amending the Financial Management Act 1994 Trustee and Trustee Companies (Amendment) Act 1995, No. 104/1995 Assent Date: 5.12.95 Commencement Date: 1.1.96: s. 2 : All of Act in operation Zoological Parks and Gardens Act 1995, No. 106/1995 Assent Date: 5.12.95 Commencement Date: S. 53 on 30.4.96: Special Gazette (No. 45) on 30.4.96 p. 1 : This information relates only to the provision/s amending the Financial Management Act 1994 Miscellaneous Acts (Further Omnibus Amendments) Act 1996, No. 73/1996 Assent Date: 17.12.96 Commencement Date: S. 24 on 17.12.96: s. 2(1) : This information relates only to the provision/s amending the Financial Management Act 1994 Financial Management (Amendment) Act 1997, No. 42/1997 Assent Date: 11.6.97 Commencement Date: 11.6.97: s. 2 : All of Act in operation Audit (Amendment) Act 1997, No. 93/1997 Assent Date: 16.12.97 Commencement Date: Ss 25, 28 (Sch. item 13) on 1.7.98: s. 2(2) : This information relates only to the provision/s amending the Financial Management Act 1994 Financial Management (Amendment) Act 1998, No. 1/1998 Assent Date: 31.3.98 Commencement Date: 1.7.98: s. 2 : All of Act in operation Public Sector Reform (Miscellaneous Amendments) Act 1998, No. 46/1998 Endnotes Assent Date: 26.5.98 Commencement Date: S. 7(Sch. 1) on 1.7.98: s. 2(2) : This information relates only to the provision/s amending the Financial Management Act 1994 Audit (Amendment) Act 1999, No. 53/1999