48RRegulations about financial management and accountability—Administration

48R Regulations about financial management and accountability—Administration

(1) The regulations may make provision in relation to the following matters: (a) public money of the Territory; (b) public property of the Territory; (c) other resources of the Administration. (2) Regulations made for the purposes of subsection (1) may make provision in relation to the following matters: (a) the control and management of public money of the Territory; (b) financial and accounting systems in relation to: (i) public money of the Territory; or (ii) public property of the Territory; or (iii) other resources of the Administration; (c) the control and management of grants of public money of the Territory; (d) the control and management of public property of the Territory; (e) the procurement of property and services by the Administration; (f) the disposal of public property of the Territory; (g) the audit of the annual financial statements prepared under section 48B in relation to the Administration. (3) Regulations made for the purposes of subsection (1) may make provision for ensuring or promoting the following: (a) the proper use and management of: (i) public money of the Territory; or (ii) public property of the Territory; or (iii) other resources of the Administration; (b) proper accountability for the use and management of: (i) public money of the Territory; or (ii) public property of the Territory; or (iii) other resources of the Administration. (4) Regulations made for the purposes of subsection (1) may confer functions or powers on: (a) the Auditor‑General; or (b) the Minister for Finance; or (c) the Chief Executive Officer; or (d) the responsible manager or managers of a Territory authority. (5) Subsections (2), (3) and (4) do not limit subsection (1). (6) If an enactment is inconsistent with regulations made for the purposes of subsection (1), the enactment has no effect to the extent of the inconsistency.