TASIn ForceAct
Financial Management Act 2016
10System of public accounts
Start here
Get a plain-English read of 10
Turn the raw legal text into a practical explanation grounded in Financial Management Act 2016.
10 System of public accounts
(1) The Treasurer must keep accounts of all transactions affecting the Public Account.
(2) The system of accounting for all transactions affecting the Public Account is to be based on –
(a) generally accepted accounting principles; or
(b) Government Finance Statistics.