Financial Management (Amendment) Regulations 1998 (Vic)

Financial Management (Amendment) Regulations

1998

S.R. No. 77/1998

TABLE OF PROVISIONS

Regulation Page

1.	Objective	1
2.	Authorising provisions	1
3.	Commencement	2
4.	Principal Regulations	2
5.	Heading to Part 2 substituted	2
6.	Removal of limits on writing off uncollected public money	2
7.	Heading to Part 3 substituted	2
8.	Regulation 10 substituted	2

10. Limits on incurring of expenses and obligations 2

9.	Amendment of regulation 11	3
10.	Directions of the Minister	3
11.	Inspection of records	3
12.	Authorities	3

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NOTES 5

i

STATUTORY RULES 1998

S.R. No. 77/1998

Financial Management Act 1994

Financial Management (Amendment) Regulations

1998

The Governor in Council makes the following Regulations:
Dated: 30 June 1998

Responsible Minister:

ROGER M. HALLAM

Minister for Finance

SHARNE BRYAN

Clerk of the Executive Council

1. Objective

The main objective of these Regulations is to
amend the Financial Management Regulations

1994—

(a)	with respect to the implementation of accrual output budgeting;
(b)	with respect to the writing off of uncollectable public money;
(c)	to provide further for directions of the Minister;
(d)	to remove references to authorities that have been abolished.

2. Authorising provisions

These Regulations are made under sections 8, 55 and 59 of the Financial Management Act 1994.

Financial Management (Amendment) Regulations 1998

r. 3 S.R. No. 77/1998

3. Commencement

These Regulations come into operation on 1 July

1998.

4. Principal Regulations

In these Regulations the Financial Management
Regulations 19941 are called the Principal

Regulations.

5. Heading to Part 2 substituted

For the Heading to Part 2 of the Principal

Regulations substitute—

"PART 2—COLLECTION OF REVENUE AND

OTHER RECEIPTS".

6.  Removal of limits on writing off uncollected public money

Regulation 8 of the Principal Regulations is revoked.

7. Heading to Part 3 substituted

For the Heading to Part 3 of the Principal

Regulations substitute—

"PART 3—INCURRING OF EXPENSES AND

OBLIGATIONS".

8. Regulation 10 substituted

For regulation 10 of the Principal Regulations
substitute—

"10. Limits on incurring of expenses and

obligations

Expenses and obligations may be incurred or met by a person employed in a department only within the limits conferred on the person by the Minister administering the department.".

Financial Management (Amendment) Regulations 1998

S.R. No. 77/1998 r. 9

9. Amendment of regulation 11

In Regulation 11(1) of the Principal Regulations
for "Expenditure may only be incurred"
substitute "Expenses and obligations may only be

incurred or met".

10. Directions of the Minister

In regulation 12(1) of the Principal Regulations—

(a) in paragraph (k) omit ", works";

(b) for paragraph (l) substitute— "(l) the management and disposal or writing

off of the assets (other than money) and liabilities of the State and the recording of and accounting for those assets and

liabilities;

(la) the writing off of amounts in respect of losses or deficiencies in public accounts or accounts of authorities or amounts of revenue or debts;".

11. Inspection of records

In regulation 13 of the Principal Regulations for "An officer of the Department of Finance" substitute "A person employed in the Department of Treasury and Finance".

12. Authorities

In the Schedule to the Principal Regulations—

(a)

omit—

"Estate Agents Board Money forming part of the
Public Account";

(b)

omit—

"Victorian Dried Fruits	Money forming part of
Board	the Public Account";

Financial Management (Amendment) Regulations 1998

r. 12 S.R. No. 77/1998

(c) for—

"Victorian Gaming Commission"

substitute—

"Victorian Casino and Gaming Authority".

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Financial Management (Amendment) Regulations 1998

S.R. No. 77/1998 Notes

NOTES

1 Reg. 4: S.R. No. 69/1994. Reprint No. 1 as at 18 September 1997.