Financial Management Act 2006 (WA)

Western Australia Financial Management Act 2006 Western Australia Financial Management Act 2006 Contents Part 1 — Preliminary 1. Short title 1 2. Commencement 1 3. Terms used 1 4. Relationship of this Act with other laws 1 5. Act modified for administration of certain bodies (Sch. 2) 1 6. Sch. 1 may be amended by regulations 1 Part 2 — Accounts Division 1 — Public Ledger 7. Public Ledger 1 8. Consolidated Account 1 9. Treasurer's Advance Account 1 10. Treasurer's special purpose accounts 1 Division 2 — Public Bank Account and other bank accounts 11. Public Bank Account 1 12. Public Bank Account, application of money in 1 13. Bank accounts for agencies, restrictions on 1 14. Bank accounts not to be overdrawn except with Treasurer's approval 1 15. Bank accounts for public money etc., restrictions on 1 Division 3 — Agency special purpose accounts 16. Agency special purpose accounts 1 Division 4 — Administration of special purpose accounts 17. Special purpose statements and trust statements for accounts, preparation of etc. 1 18. Payments to and from accounts 1 19. Accounts not to be overdrawn except with Treasurer's approval 1 20. Unrequired money in accounts, transfer of from 1 21. Closing accounts and consequences of 1 22. Other written laws not affected by this Division 1 Part 3 — Funds management Division 1 — Supply and appropriation 23. Money received by agency, agency may retain in certain cases 1 24. Payments before supply granted, Treasurer's powers to make etc. 1 25. Appropriations, saving and transfer of in certain cases 1 26. Appropriations, transfer of to suspense account in certain cases 1 27. Expenditure not provided for in, or in excess of amount appropriated by, Appropriation Acts 1 27A. Transitional provision for Financial Legislation Amendment Act 2021 1 28. Advances, Treasurer may authorise etc. 1 29. Expenditure under s. 27 and 28 limited 1 30. Unexpended appropriations lapse 1 31. Public Bank Account Interest Earned Account, application of money in 1 Division 2 — Payments and transfers 32. Certain payments and transfers to be authorised 1 33. Consolidated Account, payments from to be under Governor's warrant etc. 1 34. Public etc. money received, how to be dealt with 1 35. Public Bank Account, how payments into to be credited 1 36. Other money, how to be dealt with 1 Division 3 — Investments 37. Public Bank Account, investment of 1 38. Investment under s. 37, application of proceeds of 1 39. Investment by agencies 1 Division 4 — Annual estimates of agencies 40. Preparation of draft annual estimates 1 41. Approval of annual estimates 1 Division 5 — Resource agreements 42. Preparation of draft resource agreements 1 43. Agreeing on resource agreements 1 44. Modifying resource agreements 1 Division 6 — Write‑offs and recoveries 47. Terms used 1 48. Write‑offs 1 49. Loss of official money or property, liability of officers for 1 50. Recovering amounts from officers liable under s. 49 1 51. Official losses, investigating 1 Division 7 — Financial difficulty 51A. Notices of financial difficulty 1 Part 4 — Accountable authorities 52. Each agency to have accountable authority 1 53. Functions of accountable authorities 1 54. Department, who is accountable authority of etc. 1 55. Statutory authority, who is accountable authority of etc. 1 56. Sub-departments, entities that are and accountable authorities of 1 57. Chief finance officers, designation and functions of 1 58. Financial management system, duties of accountable authorities as to 1 Part 5 — Reports Division 1 — Treasurer's reports 59. Financial reports and statements, application of Government Financial Responsibility Act 2000 1 Division 2 — Annual reports by agencies 60. Terms used 1 61. Annual reports, contents of etc. 1 62. Financial statements for s. 61(1)(a), standards for etc. 1 63. Financial reports etc. to be submitted to Auditor General and Minister 1 64. Minister to table agency's annual report etc. 1 65. Minister to inform Parliament if annual report and Auditor General's opinion cannot be tabled on time 1 Division 3 — Reporting on abolition of agencies 66. Terms used 1 67. Purpose of this Division 1 68. Abolition of agency, reporting after 1 69. Final report, contents of 1 70. Directions by Treasurer for this Division 1 71. Reporting officers entitled to access to accounts etc. 1 72. Reporting officers to submit financial statements etc. to Auditor General 1 Part 6 — Miscellaneous Division 1 — Delegations and authorisations 73. Term used: Treasury Corporation official 1 74. Delegation by Treasurer 1 75. Delegation by Ministers 1 76. Delegation and authorisation by Under Treasurer 1 77. Delegations and authorisations, general provisions about 1 Division 2 — Treasurer's instructions 78. Treasurer's instructions, issue of etc. 1 Division 3 — Miscellaneous powers and duties 79. Treasurer's power to require information 1 80. Act of grace payments 1 81. Actions etc. inhibiting etc. Minister's parliamentary functions prohibited 1 82. Ministerial decisions not to give Parliament certain information about agency to be reported to Parliament etc. 1 Division 4 — General 83. Laying documents before Parliament, supplementary provision about 1 84. Regulations 1 85. Review of Act 1 Schedule 1 — Statutory authorities Schedule 2 — Modifications to the Act as to certain administrations Schedule 3 — Modifications to the Act as to the Office of the Auditor General Notes Compilation table 1 Uncommenced provisions table 1 Other notes 1 Defined terms Western Australia Financial Management Act 2006 An Act to provide for the management, administration and reporting of the public finances of the State, and for related purposes.