Financial and Performance Management Standard 2019
sec.19Cash management
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sec.19 Cash management
A department’s accountable officer or a statutory body must manage the department’s or statutory body’s cash in accordance with the cash management system established for the department or statutory body under section 11 (1) (d) . Without limiting section 11 , the cash management system must provide for— the prompt— identification, collection, payment and investment of cash; and recording of transactions involving cash; and if the cash management system is for a department—the provision of timely and reliable cash flow forecasts to the treasury department. (sec.19-ssec.1) A department’s accountable officer or a statutory body must manage the department’s or statutory body’s cash in accordance with the cash management system established for the department or statutory body under section 11 (1) (d) . (sec.19-ssec.2) Without limiting section 11 , the cash management system must provide for— the prompt— identification, collection, payment and investment of cash; and recording of transactions involving cash; and if the cash management system is for a department—the provision of timely and reliable cash flow forecasts to the treasury department.
- (a) the prompt— (i) identification, collection, payment and investment of cash; and (ii) recording of transactions involving cash; and
- (i) identification, collection, payment and investment of cash; and
- (ii) recording of transactions involving cash; and
- (b) if the cash management system is for a department—the provision of timely and reliable cash flow forecasts to the treasury department.
- (i) identification, collection, payment and investment of cash; and
- (ii) recording of transactions involving cash; and