Financial Accountability Act 2009

The accountable officer of a department must establish, in accordance with the prescribed requirements, the accounts (the departmental accounts) necessary—

to account, under a financial and performance management standard, for public moneys, public property, non-public moneys, other property and other resources administered or controlled by the department; and

to produce—

the financial statements required to be produced by this Act; and

other financial statements or information required to be produced by the prescribed requirements or the Treasurer.

The accounts, other than the consolidated fund account, established by the under-Treasurer for preparing the consolidated whole-of-government financial statement for a financial year are departmental accounts of the treasury department.

Subsection (1) does not apply to the extent the accounts are necessary under section 69A(2).