Financial Management and Audit Amendment Act 2006 (TAS)

Financial Management and Audit Amendment Act 2006

An Act to amend the Financial Management and Audit Act 1990

[Royal Assent 27 July 2006]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1Short titleThis Act may be cited as the Financial Management and Audit Amendment Act 2006 . 2CommencementThis Act commences on the day on which this Act receives the Royal Assent. 3Principal ActIn this Act, the Financial Management and Audit Act 1990 is referred to as the Principal Act. 4Section 3 amended (Interpretation) Section 3 of the Principal Act is amended by inserting after the definition of State authority the following definition: State-owned company means a company incorporated under the Corporations Act which is controlled by – (a) the Crown; or (b) a State authority; or (c) another company which is itself controlled by the Crown or a State authority; 5Section 44 amended (Power of Auditor-General to investigate) Section 44(b) of the Principal Act is amended as follows: (a) by inserting "State-owned companies," after "effectiveness of Government departments,"; (b) by inserting ", State-owned companies" after "parts of Government departments".

[Second reading presentation speech made in:

House of Assembly on 11 JULY 2006

Legislative Council on 13 JULY 2006]