Financial Framework Legislation Amendment Act (No. 1) 2013

Administered by Department of Finance

Legislation au C2013A00008 In force Act

Legislation content

 

 

 

 

 

 

Financial Framework Legislation Amendment Act (No. 1) 2013

 

No. 8, 2013

 

 

 

 

 

An Act to amend the law relating to finance, and for other purposes

 

 

Contents

1 Short title

2 Commencement

3 Schedule(s)

Schedule 1—Amendments

Commonwealth Authorities and Companies Act 1997

Environment Protection and Biodiversity Conservation Act 1999

Ozone Protection and Synthetic Greenhouse Gas Management Act 1989

Papua New Guinea (Staffing Assistance) Act 1973

Public Accounts and Audit Committee Act 1951

 

 

 

Financial Framework Legislation Amendment Act (No. 1) 2013

No. 8, 2013

 

 

 

An Act to amend the law relating to finance, and for other purposes

[Assented to 14 March 2013]

 

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Financial Framework Legislation Amendment Act (No. 1) 2013.

2  Commencement

  This Act commences on the day after this Act receives the Royal Assent.

3  Schedule(s)

  Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.


Schedule 1—Amendments

 

Commonwealth Authorities and Companies Act 1997

1  Subsection 47A(4)

Omit “Commonwealth Procurement Guidelines”, substitute “guidelines in relation to procurement”.

2  Subsection 47A(7)

Repeal the subsection, substitute:

 (7) In this section:

guidelines in relation to procurement means the guidelines relating to procurement issued under regulations made under the Financial Management and Accountability Act 1997.

Environment Protection and Biodiversity Conservation Act 1999

3  Subparagraph 514D(5)(a)(i)

Omit “$250,000”, substitute “$1,000,000”.

4  Application

The amendment made by item 3 of this Schedule applies in relation to contracts entered into on or after the commencement of that item.

Ozone Protection and Synthetic Greenhouse Gas Management Act 1989

5  After section 69AC

Insert:

69AD  Appropriation

  A remission or refund payable under section 69AA, 69AB or 69AC is to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.

Papua New Guinea (Staffing Assistance) Act 1973

6  After section 62A

Insert:

62B  Recoverable death payments

 (1) If, apart from this subsection, the Commonwealth does not have power under this Act or the regulations to pay an amount (the relevant amount) in any of the following circumstances:

 (a) the relevant amount is deposited to an account kept in the name of a deceased person;

 (b) the relevant amount is deposited to an account kept in the names of a deceased person and another person;

 (c) the relevant amount is paid by way of a cheque made out to a deceased person;

the Commonwealth may pay the relevant amount in the circumstances mentioned in paragraph (a), (b) or (c), so long as:

 (d) on the last day on which changes could reasonably be made to the payment of the relevant amount, the Chief Executive Officer of ComSuper did not know that the deceased person had died; and

 (e) apart from this subsection, the relevant amount would have been payable as a benefit to the deceased person if the deceased person had not died.

 (2) If a payment is made under subsection (1), the relevant amount is taken to have been paid to the deceased person’s estate.

Recovery

 (3) If a payment is made under subsection (1), the relevant amount:

 (a) is a debt due to the Commonwealth by the legal personal representative of the deceased person; and

 (b) may be recovered by the Chief Executive Officer of ComSuper, on behalf of the Commonwealth, in a court of competent jurisdiction.

Note: See also section 47 of the Financial Management and Accountability Act 1997 (duty to pursue recovery of a debt).

62C  Reports about recoverable death payments

 (1) During the applicable publication period for a reporting period, the Chief Executive Officer of ComSuper must cause to be published, in such manner as the Chief Executive Officer thinks fit, a report that sets out both:

 (a) the number of payments made under subsection 62B(1) during the reporting period; and

 (b) the total amount of those payments.

 (2) However, a report is not required if the number mentioned in paragraph (1)(a) is zero.

Deferred reporting

 (3) Subsection (1) does not require a report to deal with a payment unless, before the preparation of the report, a ComSuper official was aware the payment was made under subsection 62B(1).

 (4) For the purposes of this section, if:

 (a) a payment was made under subsection 62B(1) in a reporting period and because of subsection (3) of this section, subsection (1) of this section did not require a report to deal with the payment; and

 (b) during a later reporting period, a ComSuper official becomes aware that the payment was made under subsection 62B(1);

the payment is subject to a deferred reporting obligation in relation to the later reporting period.

 (5) If one or more payments made under subsection 62B(1) during a reporting period are subject to a deferred reporting obligation in relation to a later reporting period, the Chief Executive Officer of ComSuper must, during the applicable publication period for the later reporting period:

 (a) prepare a report that sets out:

 (i) the number of those payments; and

 (ii) the total amount of those payments; and

 (iii) the reporting period during which the payments were made; and

 (b) if a report is required under subsection (1) in relation to the later reporting period—include the paragraph (a) report in the subsection (1) report; and

 (c) if paragraph (b) does not apply—publish, in such manner as the Chief Executive Officer thinks fit, the paragraph (a) report.

Reporting period

 (6) For the purposes of this section, a reporting period is:

 (a) a financial year; or

 (b) if a shorter recurring period is prescribed in an instrument under subsection (7)—that period.

 (7) The Minister may, by legislative instrument, prescribe a recurring period for the purposes of paragraph (6)(b).

Applicable publication period

 (8) For the purposes of this section, the applicable publication period for a reporting period is the period of:

 (a) 4 months; or

 (b) if a lesser number of months is prescribed, in relation to the reporting period, in an instrument under subsection (9)—that number of months;

beginning immediately after the end of the reporting period.

 (9) The Minister may, by legislative instrument, prescribe a number of months, in relation to a reporting period, for the purposes of paragraph (8)(b).

ComSuper official

 (10) For the purposes of this section, ComSuper official means an official (within the meaning of the Financial Management and Accountability Act 1997) who is in ComSuper or is part of ComSuper.

Public Accounts and Audit Committee Act 1951

 

7  Section 4

Insert:

Chair means the Chair of the Committee.

8  Section 4

Insert:

Deputy Chair means the Deputy Chair of the Committee.

9  Section 4 (definition of the Chairman)

Repeal the definition.

10  Section 4 (definition of the ViceChairman)

Repeal the definition.

11  Section 4 (note)

Repeal the note.

 

 

 

 

[Minister’s second reading speech made in—

House of Representatives on 29 November 2012

Senate on 28 February 2013]

 

(215/12)

 

Overview

The Financial Framework Legislation Amendment Act (No. 1) 2013 was enacted to address gaps in financial management and accountability across several statutes, ensuring consistency and clarity in financial regulations. The Act, assented to on 14 March 2013, was passed by the Parliament of Australia and aims to amend existing financial laws to improve governance and oversight. One of the key objectives of this legislation is to ensure that financial regulations are updated to reflect current practices and requirements, particularly in areas such as procurement guidelines, environmental impact assessments, and staffing assistance programs. The Act achieves this through targeted amendments to several key Acts, including the Commonwealth Authorities and Companies Act 1997, the Environment Protection and Biodiversity Conservation Act 1999, the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989, and the Papua New Guinea (Staffing Assistance) Act 1973, among others.

Scope and Application

The Financial Framework Legislation Amendment Act (No. 1) 2013 is an Act of the Parliament of Australia designed to amend existing financial laws and frameworks, impacting various entities and transactions across several legislative instruments. This Act applies to the Commonwealth Authorities and Companies Act 1997, the Environment Protection and Biodiversity Conservation Act 1999, the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989, and the Papua New Guinea (Staffing Assistance) Act 1973. The Act also amends the Public Accounts and Audit Committee Act 1951 by introducing new definitions for the roles of Chair and Deputy Chair. The amendments are intended to refine procurement guidelines, adjust monetary thresholds for certain contracts, alter appropriation processes for certain payments, and modify reporting obligations for payments made under specific circumstances, particularly concerning deceased beneficiaries. The Act's provisions apply across the Commonwealth of Australia, with specific amendments taking effect upon the commencement of the Act or as specified within each amendment item.

Key Provisions

The Financial Framework Legislation Amendment Act (No. 1) 2013 makes several amendments to existing Australian legislation concerning finance. Key changes include the amendment of the Commonwealth Authorities and Companies Act 1997, whereby the term "Commonwealth Procurement Guidelines" is replaced with "guidelines in relation to procurement" in Section 47A(4) and the subsection 47A(7) is repealed and replaced with a new definition of "guidelines in relation to procurement". The Environment Protection and Biodiversity Conservation Act 1999 is amended to increase the financial threshold for certain offences from $250,000 to $1,000,000 in subparagraph 514D(5)(a)(i). Additionally, the Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 is amended by inserting a new section 69AD, which stipulates that any remission or refund under sections 69AA, 69AB, or 69AC must be paid from the Consolidated Revenue Fund. Furthermore, the Papua New Guinea (Staffing Assistance) Act 1973 is amended by inserting sections 62B and 62C, which address recoverable death payments and the reporting of such payments by the Chief Executive Officer of ComSuper. The Act imposes several obligations on the entities it governs. Under the Commonwealth Authorities and Companies Act 1997, the new definition of "guidelines in relation to procurement" requires adherence to the updated guidelines in procurement processes. The Environment Protection and Biodiversity Conservation Act 1999’s increased financial threshold necessitates stricter compliance measures for offences involving these financial amounts. The Ozone Protection and Synthetic Greenhouse Gas Management Act 1989 mandates that any remissions or refunds be appropriately appropriated from the Consolidated Revenue Fund. The Papua New Guinea (Staffing Assistance) Act 1973 requires ComSuper to make recoverable death payments under specific circumstances and to report on such payments as stipulated in sections 62B and 62C. The Act also outlines penalties and consequences for non-compliance. Under the Environment Protection and Biodiversity Conservation Act 1999, the increased financial threshold for offences implies potential harsher penalties for violations involving these higher amounts. Furthermore, under the Papua New Guinea (Staffing Assistance) Act 1973, failure to comply with the requirements for recoverable death payments and reporting may result in the relevant amount being considered a debt due to the Commonwealth, which can be pursued for recovery in a court of competent jurisdiction. The specifics of penalties are not detailed in the provided text, but they are likely to be governed by the relevant acts’ existing penalty provisions.

Legal classification tags

Area of Law
Finance & Banking Law
Instrument
Act
Concepts
Commencement Provisions
Repeal & Amendment
Regulatory Standards

Interactions

Authorises

All Versions

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.