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On 1 July 2014 a new resource management framework for all Commonwealth entities commenced when the Public Governance, Performance and Accountability Act 2013 replaced the FMA and CAC Acts.

News & Events

  • Enhancing the Commonwealth Performance Framework – Discussion paper 
    A discussion paper has been developed to facilitate collaboration on potential policy and guidance enhancements, as well as specific legislative changes required by the Public Governance, Performance and Accountability Act 2013 (PGPA Act). Comments close by Monday 29 September 2014.
  • 2014-15 Budget measure: Administered Programme Indexation Pause
    The 2014-15 Budget includes a measure to pause the indexation of 112 programmes for three years, commencing from 1 July 2014 or 1 July 2015 depending on the circumstances of the individual programme.
  • Announcement - Whole-of-Government Advertising Tender
    Finance is pleased to announce that Mitchell & Partners Australia Pty Ltd has been appointed as the Australian Government's master media agency for an initial period of four years from 1 July 2014.
  • Medibank Private Limited Sale
    The Minister for Finance has announced  the Government’s intention to sell Medibank Private Limited.  The Department of Finance is responsible for the sale process. 
  • Commonwealth Low-Risk Grant Agreement Template
    As part of the Australian Government’s initiative to reduce red tape, the Department of Finance (Finance) has developed a whole-of-government grant agreement template, which should be used by agencies when entering into low-risk grants. The low-risk grant agreement template includes a standard set of just 20 terms and conditions (covered in two-pages). It seeks to improve and streamline low-risk grant arrangements by promoting consistency in grant agreements across government entities.
  • Seeking proposals for joint private-public projects using big data
    We are seeking proposals for projects that would increase the efficiency of government services or deliver service improvements. Proposals will initially be assessed on feasibility. Those that are feasible will be assessed on innovative use of data, benefit to the community and return on investment.
  • Australian Government Grants News
    Grants News is a Finance quarterly publication informing agencies about key activities involving Commonwealth grants administration.
  • Department of Finance and Deregulation Capability Review Report released 
    On Monday 2 December, following the tabling of the 2013 State of the Service Report in Parliament, the Department of Finance and Deregulation Capability Review Report is now available on the Australian Public Service Commission’s website. 
  • Updated delegation of powers and functions under FMA legislation
    Under the Financial Management and Accountability Act 1997 (FMA Act) and Financial Management and Accountability Regulations 1997 (FMA Regulations), a number of the powers and functions of the Finance Minister have been delegated to agency Chief Executives.

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