Financial Accountability Act 2009

As soon as practicable after the end of each quarter of a financial year, the Treasurer must prepare a statement for the quarter (the quarterly statement) of—

the amounts received in the quarter by the Treasurer (the received amounts) that must be recorded as received in the Treasurer’s consolidated fund operating account; and

for each department—the amounts paid by the Treasurer in the quarter from the department’s vote (the paid amounts) from the Treasurer’s consolidated fund operating account, including the amounts allocated to the department’s headings (the heading amounts); and

the opening and closing balances for the quarter of the Treasurer’s consolidated fund bank account and Treasurer’s consolidated fund investment account.

A quarterly statement must not include a controlled receipt appropriated under section 28.

A quarterly statement for the second, third or fourth quarter of a financial year must also include the received amounts, paid amounts and heading amounts for the financial year up to and including the end of the quarter.

Also, a quarterly statement must include comparative figures for—

received amounts, paid amounts, heading amounts and quarterly balances for the corresponding quarter of the immediately preceding financial year; and

for a quarterly statement for the second, third or fourth quarter—the cumulative received amounts, paid amounts and heading amounts for the immediately preceding financial year.

As soon as practicable after a quarterly statement is prepared for the first, second or third quarter of a financial year, the Treasurer must make the statement publicly available.Example of making the statement publicly available—

If the Treasurer pays an amount from, or receives an amount into, the consolidated fund account within the further 2 weeks for the financial year to which the payment or receipt relates, the Treasurer must ensure the amount is included in—

the quarterly statement for the fourth quarter of the financial year; and

the consolidated fund financial report for the financial year if the received amount is—

the return of appropriation paid in excess of the appropriation authorised for the financial year for a department; or

an equity withdrawal from a department for the financial year.