sec.34Annual budgets and financial management policies

sec.34 Annual budgets and financial management policies

Before each 31 March— Coexistence Queensland must prepare a budget— of estimated costs of Coexistence Queensland for the next financial year; and consistent with the strategic priorities of Coexistence Queensland; and the members must approve giving the budget and Coexistence Queensland’s financial management policies to the Minister; and Coexistence Queensland must give the approved budget and financial management policies to the Minister. The Minister must approve, or refuse to approve, the budget and financial management policies by each 30 April. However, a failure by the Minister to act under subsection (2) does not prevent the Minister approving, or refusing to approve, a budget or financial management policy at a later time. A budget or financial management policy has no effect until it has been approved by the Minister. During a financial year Coexistence Queensland may prepare amendments to the budget for that year. An amendment of a budget has no effect until it has been approved by— for a minor amendment—the chairperson in consultation with the other members; or otherwise—the Minister on the recommendation of the chairperson in consultation with the other members. If the chairperson and the other members differ about what should be recommended to the Minister for an approval under this section, the Minister may still give the approval. In this section— financial management policies means the policies to be observed in financial and performance management by Coexistence Queensland. Under the Financial Accountability Act 2009 , section 57 Coexistence Queensland must comply with a provision of a financial and performance standard that applies to Coexistence Queensland as a statutory body. minor amendment , of an annual budget, means an amendment of a minor nature that does not change the total of the estimated costs mentioned in the budget. s 34 amd 2017 No. 35 s 30 ; 2024 No. 33 s 183 sch 1 pt 1 (sec.34-ssec.1) Before each 31 March— Coexistence Queensland must prepare a budget— of estimated costs of Coexistence Queensland for the next financial year; and consistent with the strategic priorities of Coexistence Queensland; and the members must approve giving the budget and Coexistence Queensland’s financial management policies to the Minister; and Coexistence Queensland must give the approved budget and financial management policies to the Minister. (sec.34-ssec.2) The Minister must approve, or refuse to approve, the budget and financial management policies by each 30 April. (sec.34-ssec.3) However, a failure by the Minister to act under subsection (2) does not prevent the Minister approving, or refusing to approve, a budget or financial management policy at a later time. (sec.34-ssec.4) A budget or financial management policy has no effect until it has been approved by the Minister. (sec.34-ssec.5) During a financial year Coexistence Queensland may prepare amendments to the budget for that year. (sec.34-ssec.6) An amendment of a budget has no effect until it has been approved by— for a minor amendment—the chairperson in consultation with the other members; or otherwise—the Minister on the recommendation of the chairperson in consultation with the other members. (sec.34-ssec.7) If the chairperson and the other members differ about what should be recommended to the Minister for an approval under this section, the Minister may still give the approval. (sec.34-ssec.8) In this section— financial management policies means the policies to be observed in financial and performance management by Coexistence Queensland. Under the Financial Accountability Act 2009 , section 57 Coexistence Queensland must comply with a provision of a financial and performance standard that applies to Coexistence Queensland as a statutory body. minor amendment , of an annual budget, means an amendment of a minor nature that does not change the total of the estimated costs mentioned in the budget.