Financial Management Act 1994

The accountable officer of a department or public body must manage the following in a financially effective, economical, efficient and sustainable manner—

the operations of the department or public body;

the public resources for which the department or public body is responsible.

Without limiting subsection (1), the accountable officer of a department or public body must—

establish and maintain effective controls and reporting mechanisms for matters relating to the financial management of the department or public body; and

ensure that the person who holds the position of chief finance officer of the department or public body can meet the responsibilities of that position under this Act or any other Act.

In fulfilling the accountable officer's overarching obligation, the accountable officer of a department or public body is responsible to—

the relevant Minister for the department or public body; and

in the case of a public body, the board (if any) of the public body.

The accountable officer must report on the accountable officer's overarching obligation to—

the Department Head of the Department of Treasury and Finance; and

in the case of a public body, the Department Head of the department which has responsibility to the relevant Minister for that public body.

This section does not apply to the accountable officer of a declared body.