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📜 Financial Administration and Audit Amendment Bill 1999

Referred to Standing Committee on Estimates and Financial OperationsLA28 October 1999

The Financial Administration and Audit Amendment Bill 1999 amends the Financial Administration and Audit Act 1985. Key changes include allowing the Treasurer to transfer appropriations to suspense accounts, enabling direct charging of recurring payments to bank accounts, and permitting electronic certification.

Impact

Government departments and statutory authorities will be affected by the changes to financial administration, particularly regarding payments, asset management, and electronic certifications. This aims to improve efficiency and flexibility in financial operations.

Key Changes

["Treasurer can transfer appropriations to suspense accounts.", "Recurring payments can be directly charged to bank accounts.", "Allows for electronic certification and authentication.", "Treasurer can direct payments related to net asset holdings of departments and statutory authorities."]