The Financial Management and Accountability Act 1997 (FMA Act) and the Commonwealth Authorities and Companies Act 1997 (CAC Act) were repealed on 30 June 2014 and replaced by the Public Governance, Performance and Accountability Act 2013 (PGPA Act) from 1 July 2014. Some provisions of the FMA and CAC Acts, however, will remain in force during the transition period; for example performance reporting requirements for the 2013-14 financial year.
If you are looking for information on the PGPA Act, supported by rules and guidance, go to the Resource Management section of the Department of Finance website.
The financial framework underpins the appropriation, expenditure and use of money and resources within the Australian Government. It is an important feature of an accountable and transparent public sector and informs the daily work of Australian Government agencies, office holders and their employees.
Commonwealth Financial Accountability Review
- Financial Management and Accountability Act 1997 (FMA Act) which encompasses Department and Agencies.
- Commonwealth Authorities and Companies Act 1997 (CAC Act) which encompasses Authorities and Companies.
Performance Reporting Guidance
- Performance Information and Indicators – developing and reporting performance information.
Outcome and Programs Policy Guidance
- Outcome Statements Policy and Approval Process - reporting and management of the framework.
- Commonwealth Programs Policy and Approval Process - requirements to be followed when new programs, or changes to existing programs are required.
Discretionary Compensation Mechanisms
The Australian Government may provide discretionary assistance in some cases by act of grace payments, or by waiving debts owed to the Australian Government. In general, this assistance may be granted where it is considered that the Australian Government has a moral responsibility to provide assistance, rather than a legal responsibility.
- Governance Arrangements - the structure and governance arrangements for Australian Government bodies
- Joint Committee of Public Accounts and Audit - Finance's role in relation to reports.
- Taxation of Government Entities - how GST applies to Agencies.
- The List of Australian Government Bodies and Governance Relationships - provides a broad overview of the administrative, legal and financial structures that the Australian Government uses to develop and administer policies, deliver services and to enforce laws.