Commonwealth of Australia.
Department of Home Affairs,
Melbourne, 23rd April, 1903.
REPEAL OF PUBLIC SERVICE REGULATION NO. 70, AND SUBSTITUTION THEREFOR OF NEW REGULATION ESTABLISHING A FIDELITY GUARANTEE FUND.
IS Excellency the Governor-General in and over the Commonwealth of Australia, by and with the advice of the Executive Council thereof, has been pleased to approve of the repeal of Regulation No. 70, made on the 15th December, 1902, under the provisions of the Commonwealth Public Service Act 1902, and of the substitution therefor of the following Regulation, such repeal and substitution to take effect on and after the first day of July, 1903.
WILLIAM JOHN LYNE,
Minister of State for Home Affairs.
Regulation under the “Commonwealth Public Service Act 1902,” for establishing a fidelity guarantee fund.
70. (a) A fund called the Guarantee Fund shall be established under this regulation.
(b)The Guarantee Fund shall consist of the premiums paid under this regulation by officers holding guaranteed offices, and the interest from time to time accrued thereon.
(c) The Guarantee Fund shall guarantee the Commonwealth against loss, arising from the fraud or want of fidelity on the part of the holder for the time being of each guaranteed office, to the amount in respect of which that office is guaranteed.
(d) The Permanent Head of each Department shall furnish to the Treasurer a list of all offices in his Department which in his opinion ought to be guaranteed, setting out there in the amount to which they should be guaranteed.
(e) The Treasurer shall determine what offices in each Department are to be guaranteed, and the amounts in which they are to be guaranteed.
(f) A list of the offices in each Department which are to be guaranteed, setting out the amounts in which they are to be guaranteed shall be prepared and signed by the Treasurer as correct. All offices in the list shall be guaranteed offices.
(g)The Treasurer shall send to the head of each Department a copy of the list as far as it relates to the Department.
(h)Every officer who holds a guaranteed office shall contribute to the Guarantee Fund an annual sum, hereinafter called the premium.
(i) The premium shall (until altered) be at the rate of 2s. 6d. per cent. per annum on the amount in respect of which each office is guaranteed, and shall be payable in the month of July in each year.
(j)The Treasurer may alter the rate of premium, but so that thealteration shall not take effect until the first day of July next after the alteration is made.
(k)Inthe month of July in each year a deduction shall be made on the pay-sheet from the salary payable to each officer holding a guaranteed office of the amount of premium due for the
current financial year, and on the 15th of August an account shall be prepared in the name of the Paying Officer, charged to the salary vote, for all amounts so deducted, and after the account has been authorized for payment, the Paying Officer shall forthwith draw the amount thereof, and pay it over to the Receiver of Public Moneys appointed for his Department, with a statement containing the particulars of the officers guaranteed, the names of the officers, and the amounts of premium deducted from their salaries.
(l)All moneys collected for premiums shall be paid to the Trust Fund to the credit of the Guarantee Fund Account.
(m) The Permanent Head of each Department shall, from time to time, furnish the Treasurer with the names of any offices which, in his opinion, should be added to the list of guaranteed offices.
(n)The Treasurer may at any time add any office to the list of offices guaranteed, and fix the amount in respect of which it is to be guaranteed, and whenever any office is so added the premium shall be deducted on the first monthly pay-sheet from the salary of the officer holding the guaranteed office, but in this case the first premium shall be proportionate to the unexpired portion of the year.
(o) The Permanent Head of each Department shall from time to time report to the Treasurer whether, owing to any change of duty or responsibility in connexion with any guaranteed office, the amount for which it is guaranteed should be increased or decreased.
(p) The Treasurer may determine whether the amount for which any guaranteed office is guaranteed shall he increased or diminished, but the alteration shall not take effect until the first day of July next after the making thereof.
(q)Every officer who is appointed to a guaranteed office created after the first of July in any year shall pay to the Guarantee Fund a proportionate part of the premium for the year, and such part may be deducted from his salary in the same manner as in the case of the full annual premium.
(r) The head of each Department shall report to the Treasurer any loss to the Commonwealth consequent upon the fraud or want of fidelity of any officer holding any guaranteed office.
(s) The Treasurer shall determine, upon such evidence as he thinks fit, whether the Commonwealth has suffered any loss, and if so to what amount, by reason of the fraud or want of fidelity of any officer holding any guaranteed office, and the amount so determined, not exceeding the amount in respect of which the office is guaranteed, shall be charged against and paid out of the Guarantee Fund.
(t)No amount shall be charged against the Guarantee Fund without the sanction of the Treasurer.
(u