Financial Accountability Act 2009

Each accountable officer must—

nominate either of the following to be the person responsible for the financial administration of the department (the chief finance officer)—

an appropriately qualified employee of the accountable officer’s department;

with the approval of the Treasurer—an appropriately qualified public service employee or other employee of the State; and

delegate to the chief finance officer the following responsibilities for the department (the minimum responsibilities)—

financial resource management including the establishment, maintenance and review of financial internal controls;

budget management;

preparation of financial information including annual financial statements to facilitate the discharge of the department’s statutory reporting obligations;

provision of advice on the effectiveness of accounting and financial management information systems and financial controls in meeting the department’s requirements;

provision of advice concerning the financial implications of, and financial risks to, the department’s current and projected services;

development of strategic options for the department’s future financial management and capability.

For each financial year, the chief finance officer must give the accountable officer—

the annual financial statements mentioned in subsection (1)(b)(iii); and

a statement about whether the financial internal controls of the department are operating efficiently, effectively and economically.

The statement must be given to the accountable officer in the way, and at the time, stated in a financial and performance management standard.

A regulation may prescribe the qualifications, experience or standing appropriate for a chief finance officer.

In this section—