Financial Management Act 2006

The Minister is to carry out a review of the operation and effectiveness of this Act as soon as is practicable after —

the fifth anniversary of its commencement; and

the expiry of 10 years after the tabling of each subsequent report on a review under subsection (5).

In the course of a review under subsection (1) the Minister is to consider and have regard to —

whether there is a need for this Act to continue; and

any other matters that appear to the Minister to be relevant to the operation and effectiveness of this Act.

The Minister is to prepare a report based on a review under subsection (1) and, as soon as is practicable after the report is prepared, is to cause a copy of it —

to be laid before each House of Parliament; and

to be given to the Joint Standing Committee on Audit.

The Joint Standing Committee on Audit —

is to carry out a review of the report; and

in the course of that review, may consider and have regard to any matters that appear to the Joint Standing Committee on Audit to be relevant to the report or the operation and effectiveness of this Act.

The Joint Standing Committee on Audit is to prepare a report based on the review and, as soon as is practicable after the report is prepared, is to cause it to be laid before the Legislative Council and the Legislative Assembly.