Financial Management Act 2016

An accountable authority of an Agency is responsible for the financial management of the Agency in an efficient, effective and economical manner, including in particular –

ensuring that expenditure by the Agency is in accordance with the law; and ensuring the effective and efficient use of resources in achieving the Government's objectives; and ensuring that appropriate stewardship is maintained over the assets of the Agency and the incurring of liabilities of the Agency; and ensuring that the Agency's financial management processes, records, procedures, controls and internal management structures are appropriate; and ensuring the custody, control and management of, and accounting for, all public property, public money, other property and other money in the possession of, or under the control of, the Agency; and ensuring the proper collection of all money payable to, or collectable under, any law administered by the Agency; and conducting reviews, at the times determined by the Treasurer, of fees and charges collected by or payable to the Agency; and ensuring compliance by the Agency with this Act or any other written law.