๐ Financial Legislation Amendment Bill 2020
Legislative Council Second ReadingLABill 16618 February 2020
The Financial Legislation Amendment Bill 2020 amends the Financial Management Act 2006, the Government Financial Responsibility Act 2000, and the Loan Act 2017 to enhance governance, accountability, and efficiency in financial management.
Impact
WA government agencies and the public sector will be affected through changes to financial management practices, reporting requirements, and accountability measures. These changes aim to improve efficiency and transparency in the use of public funds.
Key Changes
["Explicit requirements for agencies to operate within approved expense limits.", "Automatic supply of money for four months in an election year.", "Treasurer's power to direct funds from suspense accounts to the Consolidated Account."]
Parliamentary Progress
- LA Second Reading MovedLA18 Feb 2020
- LA IntroducedLA18 Feb 2020
- LA Second Reading AgreedLA19 Mar 2020
- LA Consideration in DetailLA19 Mar 2020
- LA Third ReadingLA19 Mar 2020
- LC Second Reading MovedLC19 Mar 2020
Affected Sectors
financepublic_sector
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