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Financial Administration Legislation Amendment Bill 2005

Bill No.

012

Long Title

The Bill amends the Financial Administration and Audit Act 1985 (FAAA), the Government Financial Responsibility Act 2000 (GFRA) and makes consequential amendments to various other Acts. The Bill provides for the introduction from the financial year commencing 1 July 2005 of the most urgent components of a larger package of financial legislation reforms - (a) reduces the number of reports by the Treasurer; (b) tightens the timing of reports by the Treasurer and agencies (i.e. both departments and statutory authorities); (c) amends the title and role of Principal Accounting Officers; (d) facilitates agency access to moneys held in the 27th pay suspense account; and (e) corrects the name in legislation of the Parliamentary Services Department.

Status

Assented to 06/27/2005
Royal Assent given 27 Jun 2005 as Act No. 5 of 2005. This Act comes into operation on a day fixed by Proclamation (see Assent and Commencement information for Acts)

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Note No.