Commonwealth Numbered Regulations - Explanatory Statements

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FINANCIAL MANAGEMENT AND ACCOUNTABILITY AMENDMENT REGULATIONS 2006 (NO. 6) (SLI NO 153 OF 2006)

 

EXPLANATORY STATEMENT

 

Select Legislative Instrument 2006 No. 153

 

Minute No. 13 of 2006 - Minister for Finance and Administration

 

Subject -               Financial Management and Accountability Act 1997

 

Financial Management and Accountability Amendment Regulations 2006 (No.6 )

 

Subsection 65(1) of the Financial Management and Accountability Act 1997 (the Act) provides that the Governor-General may make regulations prescribing matters required or permitted by the Act to be prescribed, or necessary or convenient to be prescribed for carrying out or giving effect to the Act.

The Act provides a framework of rules for the proper management of public money and public property that applies to Chief Executives and officials of Agencies.

Section 5 of the Act provides in part that, for the purposes of the Act, an "Agency" includes a prescribed Agency. Agencies are prescribed for the purposes of the Act in Schedule 1 to the Financial Management and Accountability Regulations 1997 (the Principal Regulations).

The purpose of the Regulations is to prescribe the National Health and Medical Research Council (NHMRC) under the Act.

As a newly prescribed Agency, the NHMRC is financially autonomous from the Department of Health and Ageing under the Act for the proper management of public money and public property within its control or custody.

 

Further details of the Regulations are in the Attachment.

The Regulations are a legislative instrument for the purposes of the Legislative Instruments Act 2003.

The Regulations commenced on the commencement of Parts 1 and 2 of Schedule 1 to the National Health and Medical Research Council Amendment Act 2006.

In accordance with section 17 of the Legislative Instruments Act 2003, the Department of Health and Ageing was consulted in the preparation of the Regulations.

Authority:         Subsection 65(1) of the Financial Management and Accountability Act 1997.


ATTACHMENT

Details of the proposed Financial Management and Accountability Amendment Regulations 2006 (No. 6)

Regulation 1 - Name of Regulations

This regulation provides that the title of the Regulations is the Financial Management and Accountability Amendment Regulations 2006 (No. 6).

Regulation 2 - Commencement

This regulation provides for the Regulations to commence on the commencement of Parts 1 and 2 of Schedule 1 to the National Health and medical Research Council Amendment Act 2006.

Regulation 3 - Amendment of Financial Management and Accountability Regulations 1997

This regulation provides that the Financial Management and Accountability Regulations 1997 (the Principal Regulations) are amended as set out in Schedule 1.

Schedule 1 -- Amendment

Item [1] -- Schedule 1, Part 1, after item 130

Item 131

Item 131 is inserted to prescribe the NHMRC. The NHMRC comprises:

The proposed Regulations also insert a reference to Note B of Schedule 1 to the Principal Regulations. The reference indicates that the NHMRC is also a Statutory Agency for the purposes of the Public Service Act 1999.

 


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