Local Government (Financial Management) Regulations 1996 (WA)

Western Australia Local Government Act 1995 Local Government (Financial Management) Regulations 1996 Western Australia Local Government (Financial Management) Regulations 1996 Contents Part 1 — Introductory matters 1. Citation 1 2. Commencement 1 3. Terms used 1 4. AAS, effect of 1 Part 2 — General financial management — s. 6.10 5A. Local governments to comply with AAS 1 5. CEO's duties as to financial management 1 6. Audits and performance review of accounting staff etc., who may conduct 1 7. Separate ward accounts not to be kept etc. 1 8. Separate bank etc. accounts required for some moneys 1 9. Each trading undertaking and major land transaction to have separate financial records 1 10. Money received, how to be dealt with 1 11. Payments, procedures for making etc. 1 12. Payments from municipal fund or trust fund, restrictions on making 1 13. Payments from municipal fund or trust fund by CEO, CEO's duties as to etc. 1 13A. Payments by employees via purchasing cards 1 14. Information in annual budget and annual financial report 1 15. Figures in annual budget and financial report must be rounded 1 17A. Valuation of certain assets for financial reports 1 17B. CEO to take steps to protect excluded portable and attractive assets 1 17. Title of reserve accounts 1 18. When local public notice not required for change of use of money in reserve account (Act s. 6.11(3)(b)) 1 19. Investments, control procedures for 1 19AA. Ministerial approval required to write off repayment of advance payment (Act s. 6.12(4)) 1 19A. Maximum rate of interest prescribed (Act s. 6.13(3)) 1 19B. Interest on money owing, calculating (Act s. 6.13) 1 19C. Investment of money, restrictions on (Act s. 6.14(2)(a)) 1 20. When local public notice not required for exercise of power to borrow (Act s. 6.20(2)(a)) 1 21. When local public notice not required for change of use of borrowed money (Act s. 6.20(4)(b)) 1 Part 3 — Annual budget — s. 6.2 22. Form and content of annual budget (Act s. 6.2(1)) 1 23. Rates information required 1 24. Service charges information required 1 25. Revenue from fees and charges, estimate of required 1 26. Discounts for early payment etc., information about required 1 27. Notes to annual budget 1 29. Borrowings information required in notes 1 30. Previous financial year figures to be shown for comparison 1 31. Net current assets at start of financial year to be shown 1 32. Amounts which may be excluded when calculating budget deficiency (Act s. 6.2(3)) 1 33. Annual budget to be lodged with Department 1 33A. Review of budget 1 Part 4 — Financial reports — s. 6.4 34. Financial activity statement required each month (Act s. 6.4) 1 35. Financial position statement required each month 1 36. Content of annual financial report 1 36A. Class 3 or 4 local governments do not need to comply with certain AAS in annual financial report 1 37. Trust fund, information about in annual financial report 1 38. Information about reserve accounts in annual financial report 1 39. Information about rates in annual financial report 1 42. Information about discounts, incentive schemes and concessions in annual financial report 1 43. Information about interest in annual financial report 1 44. Information about fees, expenses and allowances in annual financial report 1 48. Information about borrowings in annual financial report 1 51. Annual financial report declaration to be signed by CEO 1 Part 5 — Rates and service charges 52A. Characteristics prescribed for differential general rates (Act s. 6.33) 1 52. Percentage prescribed for minimum payment (Act s. 6.35(4)) 1 53. Amount prescribed for minimum payment (Act s. 6.35(4)) 1 54. Works etc. prescribed for service charges on land (Act s. 6.38(1)) 1 55. Rate record, form of etc. (Act s. 6.39(1)) 1 56. Rate notice, content of etc. (Act s. 6.41) 1 57. Rate notice where rates being paid by instalments, content of etc. (Act s. 6.41) 1 58. Instalments not available if land in arrears (Act s. 6.45) 1 59. Instalments not available if total less than $200 (Act s. 6.45) 1 60. Instalments, manner of electing to pay by (Act s. 6.45) 1 61. Instalments, additional circumstance when rates may be paid by 1 62. Rates re-assessed under Act s. 6.40, when rates due etc. 1 63. Instalments, effect on if land sold 1 64. Instalments, when to be paid 1 65. Instalment due on public holiday, payment of 1 66. Instalments, when right to pay by ceases 1 67. Instalments, determining additional charge for payment by 1 68. Maximum interest component prescribed (Act s. 6.45) 1 69. Instalments, calculating interest for (Act s. 6.45(3)) 1 69A. When concession under Act s. 6.47 can not be granted 1 70. Maximum rate of interest prescribed (Act s. 6.51) 1 71. Overdue rates and service charges, calculating interest on 1 72. Notification prescribed (Act s. 6.64(2)) 1 73. Form of notice prescribed (Act s. 6.64(2)) 1 74. Form prescribed (Act Sch. 6.3 cl. 1(2)(e)) 1 75. Form prescribed (Act Sch. 6.3 cl. 2(1)(a)) 1 76. Local government to notify Registrar of Titles of payment (Act s. 6.69(3)); effect of notice 1 77. Application under Act s. 6.74, prerequisites to making 1 78. Form of application etc. prescribed (Act s. 6.74) 1 Part 6 — Transitional matters 79. Local Government (Financial Management) Amendment Regulations 2012, provisions for 1 80. Transitional provisions for Local Government Regulations Amendment (Financial Management and Audit) Regulations 2022 1 81. Transitional provision for Local Government Regulations Amendment Regulations 2023 1 82. Transitional provisions for Local Government Regulations Amendment Regulations (No. 3) 2023 1 Schedule 1 Part 1 — Local government program titles Part 2 — Nature classifications Schedule 2 Notes Compilation table 1 Defined terms Local Government Act 1995 Local Government (Financial Management) Regulations 1996