Finance Regulations (Amendment)

Legislation au C2004L00864 Regulations Not in force Legislative Instrument

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EXPLANATORY STATEMENT

SUBJECT - AUDIT ACT 1901

- AUDIT REGULATIONS (AMENDMENT)

- FINANCE REGULATIONS (AMENDMENT)

1987 No. 227

ISSUED ON THE AUTHORITY OF THE MINISTER FOR FINANCE

Subsection 71(1) of the Audit Act 1901 (the Act) provides that the Governor-General may make regulations (not inconsistent with the provisions of the Act) for carrying out the provisions of the Act. The attached Statutory Rules amend the Audit Regulations and the Finance Regulations which were made pursuant to that provision.

Details of the amendments are as follows:

AUDIT REGULATIONS

The attached Statutory Rules declare certain statutory authorities and other bodies to be authorities or bodies to which section 70BA of the Audit Act 1901 applies.

Section 70BA provides for the Auditor-General to authorise an officer to sign, on his behalf, reports which are required by law to be directed to a Minister in respect of particular authorities and other bodies nominated by regulations. The authorities and bodies currently prescribed are included in the Schedule to the Audit Regulations.

That Schedule is amended by including the following authorities.

Australian Capital Territory Health Authority

Australian Institute of Family Studies

Australian Institute of Health

Australian Meat and Livestock Research and Development Corporation

Australian Nuclear Science and Technology Organisation

Australian Pork Corporation

Australian Sports Commission

Australian Trade Commission

Bush Fire Council

Federal Airports Corporation

Legal Aid Commission (ACT)


National Museum of Australia

National Occupational Health and Safety Commission

Pork Promotion Committee

and by deletion of the current references to:

Aboriginal Land Fund Commission

Aboriginal Loans Commission

Australian Atomic Energy Commission

Australian Canned Fruits Sales Promotion

Australian Egg Board

Capital Territory Health Commission

Curriculum Development Centre

Legislative Drafting Institute

Museum of Australia

Services Canteens Trust Fund

The above deletions are necessary to reflect changes in the legislation dealing with those authorities or because a particular body has ceased to operate. In addition, the Health Authority Ordinance 1985, the Australian Nuclear Science and Technology Organisation Act 1987 and the National Museum of Australia Act 1980, as amended by the Statute Law (Miscellaneous Provisions) Act (No 1) 1986, effectively substituted the Australian Capital Territory Health Authority; the Australian Nuclear Science and Technology Organisation and the National Museum of Australia for the Capital Territory Health Commission; the Australian Atomic Energy Commission; and the Museum of Australia respectively.

Reports which by law are required to be sent directly to Parliament are not affected by the Audit Regulations and will continue to be signed personally by the Auditor-General.

FINANCE REGULATIONS

Previously regulation 56 provided that a claim for a periodic or progress payment should not be certified until the Departmental Secretary, or an authorised officer, has certified that the amount of the claim, together with the total amount of certificates previously given did not exceed the total amount to be paid under this contract or the value of work done to date. The absolute nature of that requirement gave rise to difficulties in that it was not always possible to accurately assess the value of work done.

Regulation 56 has been amended to remove the requirement that the actual value of work in progress, (or goods or services rendered) be stated and provides instead for the Departmental Secretary or authorised officer to exercise judgement as to that value. The requirement for certification that the total contract price will not be exceeded by the payment remains.

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.