Financial Management Amendment Regulations 2023 (WA)

Western Australia

Financial Management Act 2006

Financial Management Amendment Regulations 2023

Western Australia

Financial Management Amendment Regulations 2023 Contents Financial Management Act 2006

Financial Management Act 2006

Financial Management Amendment Regulations 2023

Made by the Governor in Executive Council.

1.Citation

These regulations are the Financial Management Amendment Regulations 2023.

2.Commencement

These regulations come into operation as follows —

• (a)

  regulations 1 and 2 — on the day on which these regulations are published on the WA legislation website;

• (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 5 amended

• (1)

  In regulation 5(1) insert in alphabetical order:

   

Western Australian Treasury Corporation means the Western Australian Treasury Corporation established under the Western Australian Treasury Corporation Act 1986 section 5(1).

• (2)

  In regulation 5(1) in the definition of Standard & Poor’s delete “name.” and insert:

   

name;

• (3)

  After regulation 5(2) insert:

   
• (2A)

  This regulation applies to an investment on deposit with the Western Australian Treasury Corporation.

   
• (4)

  In regulation 5(6):

  • (a)

    in paragraph (a) delete “an “A” rating” and insert:

     

  a “BBB” rating

   
  • (b)

    in paragraph (b) delete “an “A2” rating” and insert:

     

  a “Baa2” rating

   

V. MOLAN, Clerk of the Executive Council