Application of Financial Management Act 2006 and Auditor General Act 2006
23 Application of Financial Management Act 2006 and Auditor General Act 2006
The provisions of the Financial Management Act 2006 and the Auditor General Act 2006 regulating the financial administration, audit and reporting of statutory authorities apply to and in respect of the Authority and the Authority’s operations.
Despite subsection (1), any requirement under the Treasurer’s instructions (issued under section 78 of the Financial Management Act 2006) that the Authority prepare performance indicators is to be limited to the Authority’s management functions (including financial management), is not to apply to the performance of any other function of the Authority and need only be complied with to the extent practicable.
Despite subsection (1), section 40 of the Financial Management Act 2006 does not apply in respect of the Authority, but the expenditure that may be incurred to enable the functions of the Authority under a particular written law to be performed in any one financial year is limited to the amount specified by the Minister under this subsection in respect of that written law for that year.
[Section 23 amended: No. 28 of 2006 s. 411; No. 77 of 2006 Sch. 1 cl. 48(1)-(3).]
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