Financial Management (Amendment) Regulations 1998

i Financial Management (Amendment) Regulations 1998 S.R. No. 77/1998 TABLE OF PROVISIONS Regulation Page 1. Objective 1 2. Authorising provisions 1 3. Commencement 2 4. Principal Regulations 2 5. Heading to Part 2 substituted 2 6. Removal of limits on writing off uncollected public money 2 7. Heading to Part 3 substituted 2 8. Regulation 10 substituted 2 10. Limits on incurring of expenses and obligations 2 9. Amendment of regulation 11 3 10. Directions of the Minister 3 11. Inspection of records 3 12. Authorities 3 ═══════════════ NOTES 5 -- 1 of 6 -- 1 STATUTORY RULES 1998 S.R. No. 77/1998 Financial Management Act 1994 Financial Management (Amendment) Regulations 1998 The Governor in Council makes the following Regulations: Dated: 30 June 1998 Responsible Minister: ROGER M. HALLAM Minister for Finance SHARNE BRYAN Clerk of the Executive Council 1. Objective The main objective of these Regulations is to amend the Financial Management Regulations 1994— (a) with respect to the implementation of accrual output budgeting; (b) with respect to the writing off of uncollectable public money; (c) to provide further for directions of the Minister; (d) to remove references to authorities that have been abolished. 2. Authorising provisions These Regulations are made under sections 8, 55 and 59 of the Financial Management Act 1994. -- 2 of 6 -- S.R. No. 77/1998 Financial Management (Amendment) Regulations 1998 2 3. Commencement These Regulations come into operation on 1 July 1998. 4. Principal Regulations In these Regulations the Financial Management Regulations 1994 1 are called the Principal Regulations. 5. Heading to Part 2 substituted For the Heading to Part 2 of the Principal Regulations substitute— "PART 2—COLLECTION OF REVENUE AND OTHER RECEIPTS". 6. Removal of limits on writing off uncollected public money Regulation 8 of the Principal Regulations is revoked. 7. Heading to Part 3 substituted For the Heading to Part 3 of the Principal Regulations substitute— "PART 3—INCURRING OF EXPENSES AND OBLIGATIONS". 8. Regulation 10 substituted For regulation 10 of the Principal Regulations substitute— "10. Limits on incurring of expenses and obligations Expenses and obligations may be incurred or met by a person employed in a department only within the limits conferred on the person by the Minister administering the department.". r. 3 -- 3 of 6 -- S.R. No. 77/1998 Financial Management (Amendment) Regulations 1998 3 9. Amendment of regulation 11 In Regulation 11(1) of the Principal Regulations for "Expenditure may only be incurred" substitute "Expenses and obligations may only be incurred or met". 10. Directions of the Minister In regulation 12(1) of the Principal Regulations— (a) in paragraph (k) omit ", works"; (b) for paragraph (l) substitute— "(l) the management and disposal or writing off of the assets (other than money) and liabilities of the State and the recording of and accounting for those assets and liabilities; (la) the writing off of amounts in respect of losses or deficiencies in public accounts or accounts of authorities or amounts of revenue or debts;". 11. Inspection of records In regulation 13 of the Principal Regulations for "An officer of the Department of Finance" substitute "A person employed in the Department of Treasury and Finance". 12. Authorities In the Schedule to the Principal Regulations— (a) omit— "Estate Agents Board Money forming part of the Public Account"; (b) omit— "Victorian Dried Fruits Board Money forming part of the Public Account"; r. 9 -- 4 of 6 -- S.R. No. 77/1998 Financial Management (Amendment) Regulations 1998 4 (c) for— "Victorian Gaming Commission" substitute— "Victorian Casino and Gaming Authority". ═══════════════ r. 12 -- 5 of 6 -- S.R. No. 77/1998 Financial Management (Amendment) Regulations 1998 5 NOTES 1 Reg. 4: S.R. No. 69/1994. Reprint No. 1 as at 18 September 1997. Notes -- 6 of 6 --