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Management and Accountability Act 1997 (FMA Act) and the Commonwealth Authorities and Companies Act 1997 (CAC Act) were repealed on 30 June 2014 and replaced by the Public Governance, Performance and Accountability Act 2013 (PGPA Act) from 1 July 2014.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.
Section 49 of the CAC Act  provides for the Governor-General to make regulations prescribing matters necessary or convenient for carrying out or giving effect to the Act.
The principal matters covered by the Commonwealth Authorities and Companies Regulations 1997  (CAC Regulations) are:
- a list of bodies that are prescribed as Government Business Enterprises or Statutory Marketing Authorities for the purposes of the CAC Act;
- a list of Commonwealth companies for which the Minister for Finance and Deregulation is the responsible Minister;
- a list of authorities that are incorporated by regulation under an Act and which are to be subject to the CAC Act;
- particulars that must be included in a notice tabled in Parliament by a Minister about changes to direct Commonwealth membership of a company.
The CAC Regulations are tabled in Parliament and are subject to disallowance by Parliament.