Financial Management Amendment Regulations 2010 (WA)

2 July 2010 GOVERNMENT GAZETTE, WA 3197

TREASURY AND FINANCE

TF301*

Financial Management Act 2006

Financial Management Amendment

Regulations 2010

Made by the Governor in Executive Council.

1.             Citation

These regulations are the Financial Management Amendment
Regulations 2010.

2.             Commencement

These regulations come into operation as follows —

(a)	regulations 1 and 2 — on the day on which these regulations are published in the Gazette;
(b)	the rest of the regulations — on the day after that day.

3.             Regulations amended

These regulations amend the Financial Management
Regulations 2007.

4.             Regulation 7 replaced

Delete regulation 7 and insert:

7.             General monetary limits for write-offs (s. 48)

(1)	For the purposes of section 48(2) of the Act, the monetary limit is $100 000 unless regulation 8A applies.
(2)	For the purposes of section 48(3) of the Act, the monetary limit is $250 000 unless regulation 8A applies.
8A.	Monetary limits for write-offs involving debts under Motor Vehicle (Third Party Insurance) Act 1943 (s. 48)
(1)	This regulation applies if relevant amounts to be written off under section 48 of the Act are debts due to

3198 GOVERNMENT GAZETTE, WA 2 July 2010

the Insurance Commission of Western Australia under

the Motor Vehicle (Third Party Insurance) Act 1943.

(2)	For the purposes of section 48(2) of the Act, the monetary limit is $1.5 million.
(3)	For the purposes of section 48(3) of the Act, the monetary limit is $3 million.

By Command of the Governor,

PETER CONRAN, Clerk of the Executive Council.

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