📜 Financial Management Regulations 2024
RegulationsSL 2024/28318 December 2024
Principal Act
These regulations prescribe how money in the Public Bank Account can be invested, set monetary limits for write-offs, and define terms related to investment and credit policies. They also specify that certain offices are considered departments under the Financial Management Act 2006.
Government agencies are affected by the investment rules and write-off limits. ADIs must meet credit rating requirements for short-term investments. The public benefits from sound financial management.
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