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Section 65 of the FMA Act  provides for the Governor-General to make regulations prescribing matters necessary or convenient for carrying out or giving effect to the Act. The regulations are made on the recommendation of the Government.
The principal matters covered by the Financial Management and Accountability Regulations 1997  (FMA Regulations) are:
The Regulations are tabled in Parliament and are subject to disallowance by Parliament.
The Finance Chief Executive made a Determination on 7 February 2012, under FMA Regulation 5A:
The Determination ceases the classification of the Australian Quarantine and Inspection Service and the National Residue Survey as business operations within the Department of Agriculture, Fisheries and Forestry, on 29 February 2012; and specifies the Therapeutic Goods Administration as a business operation.