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Financial Accountability Act 2009
sec.86Requirement to report to appropriate Minister about derivative transactions
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### sec.86 Requirement to report to appropriate Minister about derivative transactions
A department must give the appropriate Minister a report about each derivative transaction administered by the department.
The report must be given at the times, and contain the information, required by the prescribed requirements.
The appropriate Minister must monitor each derivative transaction administered by the department.
After a department gives a report to an appropriate Minister under subsection (1) , the department must give a copy of the report to the Treasurer or an appropriately qualified employee of the treasury department.
For this section, a department administers a derivative transaction if—
the department entered into the derivative transaction under section 85 ; or
the department has taken over the administration of the derivative transaction from another department that entered into the transaction under section 85 .
s 86 amd 2015 No. 4 s 57
(sec.86-ssec.1) A department must give the appropriate Minister a report about each derivative transaction administered by the department.
(sec.86-ssec.2) The report must be given at the times, and contain the information, required by the prescribed requirements.
(sec.86-ssec.3) The appropriate Minister must monitor each derivative transaction administered by the department.
(sec.86-ssec.4) After a department gives a report to an appropriate Minister under subsection (1) , the department must give a copy of the report to the Treasurer or an appropriately qualified employee of the treasury department.
(sec.86-ssec.5) For this section, a department administers a derivative transaction if— the department entered into the derivative transaction under section 85 ; or the department has taken over the administration of the derivative transaction from another department that entered into the transaction under section 85 .
- (a) the department entered into the derivative transaction under section 85 ; or
- (b) the department has taken over the administration of the derivative transaction from another department that entered into the transaction under section 85 .