Financial Management Act 1994
59Regulations
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59 Regulations
(1) The Governor in Council may make regulations for or with respect to—
S. 59(1)(a) substituted by No. 26/2006 s. 10(a).
(a) financial governance and oversight, including financial risk management and internal audit;
S. 59(1)(b) substituted by No. 26/2006 s. 10(a).
(b) structures, systems and procedures in authorities and public bodies to ensure proper financial management;
S. 59(1)(ba) inserted by No. 30/2025 s. 21.
(ba) matters relating to financial planning for authorities and public bodies;
S. 59(1)(bb) inserted by No. 30/2025 s. 21.
(bb) policies, systems and procedures for managing the financial performance of authorities and public bodies;
S. 59(1)(bc) inserted by No. 30/2025 s. 21.
(bc) policies, systems and procedures for the management of public resources by authorities and public bodies;
S. 59(1)(bd) inserted by No. 30/2025 s. 21.
(bd) policies, systems and procedures for implementing a response to an audit conducted under the Audit Act 1994;
S. 59(1)(be) inserted by No. 30/2025 s. 21.
(be) policies, systems and procedures for recording and reporting on the application of appropriations;
S. 59(1)(bf) inserted by No. 30/2025 s. 21.
(bf) subject to consultation with the Minister responsible for the administration of Part 4 of the Project Development and Construction Management Act 1994, policies, systems and procedures for the procurement of any public construction by or on behalf of the State or by or on behalf of departments or public bodies;
(c) the issue, control and disbursement of money applied temporarily from the Public Account;
S. 59(1)(d) substituted by No. 26/2006 s. 10(b).
(d) financial reporting, including the form and content of reports of operations, financial statements and information required under Part 7;
S. 59(1)(da) inserted by No. 75/1994 s. 9(2)(a), repealed by No. 26/2006 s. 10(b), new s. 59(1)(da) inserted by No. 13/2022 s. 32.
(da) prescribing any matter for the purposes of Part 7C, including, but not limited to, the following—
(i) matters to be considered before a decision is made on waiver, deferral, refund or reduction under Part 7C;
(ii) when waiver, deferral, refund or reduction under Part 7C is appropriate or not appropriate;
(iii) communication regarding waiver, deferral, refund or reduction under Part 7C;
(iv) additional requirements in relation to collection of certain types of fees or charges or fees and charges above or below a specified monetary threshold;