Governance & Resource Management
Governance & Resource Management (GRM) develops and advises on the resource management framework applicable to public sector entities, including on governance and accounting policy issues, the Government’s investment funds (including the Future Fund and other investment funds), and on superannuation arrangements for members of Parliament and Commonwealth employees.
GRM is also responsible for providing advice on and coordination of government information and advertising campaigns. Additionally, we consolidate Budget updates, contribute to the preparation of the Budget statements and prepare the Commonwealth's monthly and annual consolidated financial statements. We also support Government consideration of Information and Communications Technologies (ICT) enabled proposals as part of the Budget process.
Financial Analysis, Reporting and Management
Special Advisor: Peter Gibson
Phone: (02) 6215 3554
Financial Analysis, Reporting and Management (FARM) Division consolidates all updates of the Budget, provides budget financial data published by the Australian Government (including at Budget, MYEFO, and Final Budget Outcome), and prepares and publishes the Australian Government’s monthly and annual consolidated financial statements. In addition, FARM develops accounting policy to support the Australian Government’s budgeting and reporting framework. FARM also prepares appropriation bills, administers the cash drawdowns of those appropriations and the movement of all cash payments and receipts through the Official Public Account.
Accounting and Frameworks
- Determines the financial statement reporting requirements for Australian Government entities.
- Provides advice on technical accounting and financial reporting issues, and related financial framework matters including Portfolio Budget Statements, capital budgeting and financial sustainability.
- Contributes to the development of accounting standards for the public sector.
- Facilitates ongoing collaboration and consistency between Australian Government Chief Finance Officers
- Manages financial arrangements for Commonwealth superannuation schemes and the investment/asset funds.
Estimates and Reporting
- Produces the financial statements and tables for all estimates updates and budget publications (Budget, Mid-Year Economic and Fiscal Outlook and Final Budget Outcome).
- Produces the annual Consolidated Financial Statements.
- Produces the Australian Government’s General Government Sector Monthly Financial Statements.
- Contributes to the development of statistical standards for the public sector.
- Manages daily cash drawdowns and maintains central records of appropriations.
- Provides advice and oversight on cash and banking policies.
- Arranges for annual appropriations from Parliament.
- Provides advice on special accounts, and annual and special appropriation arrangements.
- Manages Schedule 1AB amendments of the Financial Framework (Supplementary Powers) Regulations 1997.
Productivity and Business Improvement
Productivity and Business Improvement (PBI) aims to help entities deliver their services more efficiently, through policies and frameworks and more connected ways of working. In particular, we have a lead role and work collaboratively with entities on:
- The size, efficiency and connectedness of government, including through common approaches, processes and systems.
- Assisting entities to implement projects/programs, through Gateway and the two pass process, including work to streamline our processes and impact on entities.
Government Business Improvement
Government Business Improvement Branch focuses on providing advice to Government on the design and implementation of key whole-of-government initiatives that aim to increase public sector productivity, including through the use of technology and business process improvement. The branch also provides advice on budget ICT matters and co-ordinates assurance reviews. The Branch also hosts the Government Business Analytical Unit that aims to improve the capacity for government data to be used to inform decision-making on and management of public sector resources.
Productivity Improvement leads development and implementation of whole-of-government policy initiatives to achieve greater public sector productivity and more efficient use of public resources. The Branch is responsible for the Commonwealth Grants Rules and Guidelines and the Streamlining Grants Administration Program.
Governance Division advises the Government on electoral policy, the charging for government products and services, and Commonwealth civilian and parliamentary superannuation arrangements. It also advises on Commonwealth investment funds (e.g. the Future Fund), government advertising campaigns and co-ordinates Finance’s international engagements.
Governance Division is responsible for the Public Governance Performance and Accountability Act 2013 (PGPA Act) and advises on the creation, accountabilities and responsibilities of government bodies under the Act. An independent statutory review and the Review report was completed in 2018, and a range of initiatives to bolster public management and governance practices in the Commonwealth public sector are being pursued. Key initiatives include the introduction of digital annual reports and improving performance reporting and evaluation practices.
Communications Advice Branch manages the Government’s information and advertising framework and assists with the coordination of whole of government advertising campaigns. It provides advice to departments and entities on communications good practice, strategies and research, and assists with the procurement of communications consultants, through a multi-use list. It also supports the work of relevant cabinet and other advisory committees. Within Finance, it works with the Procurement Management Branch, to manage the Commonwealth’s master media agency contract.
Funds and Superannuation
Funds and Superannuation Branch provides policy and advice including on governance frameworks for the government’s investment funds, and superannuation arrangements for Commonwealth employees, members of parliament, federal judges and Governors-General. The Branch also administers the pension schemes for former parliamentarians, judges and governors-general.
Superannuation arrangements are a significant aspect of Commonwealth administration covering approximately 175,000 contributing Commonwealth members.
Funds and Superannuation provides policy advice to the government on its Investment Funds:
- Future Fund
- Medical Research Future Fund
- DisabilityCare Australia Fund
- Future Drought Fund
- Emergency Response Fund
- Aboriginal and Torres Strait Islander Land and Sea Future Fund.
PGPA and Digital Reporting
The PGPA and Digital Reporting Branch provides guidance and advice to Commonwealth entities on their accountability and reporting obligations under the PGPA Act and government policy framework. It maintains the Commonwealth’s performance reporting and annual reporting frameworks and supports the development of better practice for each of these. Major projects include the introduction of the digital annual reports and an initiative to improve digital records management by Commonwealth Government bodies.
The Branch also gives practical guidance and advice to Commonwealth entities on governance and accountability issues. It is responsible for the Governance Structures Policy. The Branch provides expert advice to all Commonwealth entities on the PGPA Act and obligations under the PGPA framework. It issues guidance and is building a significant web presence to provide targeted technical information to support those working in and with government bodies.
Resource Management promotes good governance public resource management, both in Australia and internationally. We develop and implement policy and legislation in relation to electoral processes and democratic institutions reform. We work with stakeholders to improve the Australian Government charging framework through the development of policy, guidance, and tools. We also provide technical assistance and support the development of capacity across the Indo-Pacific region, through deployments and projects, and facilitate and support Finance’s international engagement activities. We also provide governance oversight of two portfolio entities, the Australian Electoral Commission and the Independent Parliamentary Expenses Authority.
Shared Services Transformation Program Office/Service Delivery Office Division
The Shared Services Transformation Program Office/Service Delivery Office Division stewards the strategic governance and policy for the whole of government Shared Services Transformation Initiative (the Initiative). The Office provides advice on corporate services across the Australian Public Service (APS) to help boost government’s ability to deliver public service through the provision of common services and technologies. As part of the Initiative the Office is also responsible for coordinating and reporting on whole of government shared services matters and have a lead role to engage and support transition of agencies to common services through a provider hub.
Client, Strategy and Enablement
The Client, Strategy and Enablement Branch in the SDO is made up of four sections: Client Strategy and Governance, ERP Services, Environment Management and Performance Assurance and Enablement. These areas engage with a wide range of stakeholders to provide effective planning, decision making, risk management and service improvement to enable client agencies to focus on their core business and better meet community needs.
Operations and Service Management
The Operations and Service Management Branch in the SDO, provides a range of corporate transactional services to Australian Government agencies in areas of human resources, financial operations, travel and expense management, process automation and customer service management solutions. They collaborate with agencies to deliver services more efficiently, through streamlining processes and systems, and adopting automations to allow staff to focus on high-value, customer service-based activities.