Financial Accountability Amendment Regulation (No. 1) 2014 (Qld)

Queensland Financial Accountability Amendment Regulation (No. 1) 2014 Subordinate Legislation 2014 No. 48 made under the FinancialAccountabilityAct2009 Contents Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 4 Amendment of s 5 (Appropriate qualifications to be head of internal audit—Act, s 78). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 Amendment of pt 4, div 2 hdg (Transitional provisions) . . . . . . . . 2 6 Insertion of new pt 4, div 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Division 3 Transitional provision for Financial Accountability Amendment Regulation (No. 1) 2014 9 Existing heads of internal audit . . . . . . . . . . . . . . . . . 3

Financial Accountability Amendment Regulation (No. 1) 2014 [s 1] 1 Short title This regulation may be cited as the Financial Accountability Amendment Regulation (No. 1) 2014 . 2 Commencement This regulation commences on 1 July 2014. 3 Regulation amended This regulation amends the FinancialAccountabilityRegulation 2009. 4 Amendment of s 5 (Appropriate qualifications to be head of internal audit—Act, s 78) Section 5(a)— omit, insert — (a) a qualification as a professional member of The Institute of Internal Auditors Australia; 5 Amendment of pt 4, div 2 hdg (Transitional provisions) Part 4, division 2, heading, after ‘provisions’— insert — for 2009 SL No. 81 6 Insertion of new pt 4, div 3 Part 4, after section 8— insert — Page 2 2014 SL No. 48

Financial Accountability Amendment Regulation (No. 1) 2014 [s 6] Division 3 Transitional provision for Financial Accountability Amendment Regulation (No. 1) 2014 9 Existing heads of internal audit (1) This section applies to a person who, at the commencement of this section— (a) is head of internal audit for a department; but (b) is not appropriately qualified under section 5(a). (2) Despite section 5, the person— (a) may continue as head of internal audit for the department; or (b) may be nominated as head of internal audit for another department. (3) For subsection (2), the person is taken to hold the qualification mentioned in section 5(a). (4) Subsection (2) does not apply or stops applying if the person is not or is no longer appropriately qualified for nomination as head of internal audit for the department for a reason other than the person not having the qualifications, experience or standing prescribed under this regulation. Example for subsection (4) — To be appropriately qualified for nomination as head of internal audit for the department, the person is required to be employed at a particular classification level in the department and the person is not or is no longer employed at that classification level in the department. 2014 SL No. 48 Page 3

Financial Accountability Amendment Regulation (No. 1) 2014 ENDNOTES 1 Made by the Governor in Council on 24 April 2014. 2 Notified on the Queensland legislation website on 24 April 2014. 3 The administering agency is Queensland Treasury and Trade. © State of Queensland 2014 Authorised by the Parliamentary Counsel Page 4 2014 SL No. 48