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FINANCIAL MANAGEMENT ACT 2016 (NO. 42 OF 2016) - SECT 34
Accountable authority responsibilities
An accountable authority of an Agency is responsible for the financial
management of the Agency in an efficient, effective and economical manner,
including in particular (a) ensuring that expenditure by the
Agency is in accordance with the law; and
(b) ensuring the effective and
efficient use of resources in achieving the Government's objectives; and
(c)
ensuring that appropriate stewardship is maintained over the assets of the
Agency and the incurring of liabilities of the Agency; and
(d) ensuring that
the Agency's financial management processes, records, procedures, controls and
internal management structures are appropriate; and
(e) ensuring the custody,
control and management of, and accounting for, all public property, public
money, other property and other money in the possession of, or under the
control of, the Agency; and
(f) ensuring the proper collection of all money
payable to, or collectable under, any law administered by the Agency; and
(g)
conducting reviews, at the times determined by the Treasurer, of fees and
charges collected by or payable to the Agency; and
(h) ensuring compliance by
the Agency with this Act or any other written law.
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