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FINANCIAL MANAGEMENT ACT 1994 - NOTES

Version No. 067

No. 18 of 1994
Version incorporating amendments as at
5 June 2024

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Version No. 067

Financial Management Act 1994

No. 18 of 1994
Version incorporating amendments as at
5 June 2024

Endnotes

    1     General information

See www.legislation.vic.gov.au for Victorian Bills, Acts and current Versions of legislation and up-to-date legislative information.

Minister's second reading speech—

Legislative Assembly: 19 November 1993

Legislative Council: 19 April 1994

The long title for the Bill for this Act was "A Bill relating to financial management, to repeal the Public Account Act 1958 and the Annual Reporting Act 1983, to make consequential amendments to other Acts and for other purposes.".

The Financial Management Act 1994 was assented to on 10 May 1994 and came into operation as follows:

Part 1 (sections 1–8), sections 60, 61 on 10 May 1994: section 2(1); rest of Act on 1 July 1994: section 2(2).

INTERPRETATION OF LEGISLATION ACT 1984 (ILA)

Style changes

Section 54A of the ILA authorises the making of the style changes set out in Schedule 1 to that Act.

References to ILA s. 39B

Sidenotes which cite ILA s. 39B refer to section 39B of the ILA which provides that where an undivided section or clause of a Schedule is amended by the insertion of one or more subsections or subclauses, the original section or clause becomes subsection or subclause (1) and is amended by the insertion of the expression "(1)" at the beginning of the original section or clause.

Interpretation

As from 1 January 2001, amendments to section 36 of the ILA have the following effects:

•     Headings

All headings included in an Act which is passed on or after 1 January 2001 form part of that Act. Any heading inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, forms part of that Act. This includes headings to Parts, Divisions or Subdivisions in a Schedule; sections; clauses; items; tables; columns; examples; diagrams; notes or forms. See section 36(1A)(2A).

•     Examples, diagrams or notes

All examples, diagrams or notes included in an Act which is passed on or after 1 January 2001 form part of that Act. Any examples, diagrams or notes inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, form part of that Act. See section 36(3A).

•     Punctuation

All punctuation included in an Act which is passed on or after 1 January 2001 forms part of that Act. Any punctuation inserted in an Act which was passed before 1 January 2001, by an Act passed on or after 1 January 2001, forms part of that Act. See section 36(3B).

•     Provision numbers

All provision numbers included in an Act form part of that Act, whether inserted in the Act before, on or after 1 January 2001. Provision numbers include section numbers, subsection numbers, paragraphs and subparagraphs. See section 36(3C).

•     Location of "legislative items"

A "legislative item" is a penalty, an example or a note. As from 13 October 2004, a legislative item relating to a provision of an Act is taken to be at the foot of that provision even if it is preceded or followed by another legislative item that relates to that provision. For example, if a penalty at the foot of a provision is followed by a note, both of these legislative items will be regarded as being at the foot of that provision. See section 36B.

•     Other material

Any explanatory memorandum, table of provisions, endnotes, index and other material printed after the Endnotes does not form part of an Act.
See section 36(3)(3D)(3E).

    2     Table of Amendments

This publication incorporates amendments made to the Financial Management Act 1994 by Acts and subordinate instruments.

–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––

Financial Management (Amendment) Act 1994, No. 75/1994

Assent Date:

22.11.94

Commencement Date:

S. 7(6) on 10.5.94: s. 2(1); rest of Act on 1.1.95:
s. 2(2)

Current State:

All of Act in operation

Electricity Industry (Further Amendment) Act 1994, No. 110/1994

Assent Date:

20.12.94

Commencement Date:

S. 43 on 20.12.94: Special Gazette (No. 100) 20.12.94 p. 1

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Financial Management and Audit Acts (Amendment) Act 1995, No. 43/1995

Assent Date:

14.6.95

Commencement Date:

S. 7(2) on 10.5.95: s. 2(1); ss 1–6, 7(1), 8, 9 on 14.6.95: s. 2(6)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Miscellaneous Acts (Omnibus Amendments) Act 1995, No. 100/1995

Assent Date:

5.12.95

Commencement Date:

S. 26 on 5.12.95: s. 2(1)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Trustee and Trustee Companies (Amendment) Act 1995, No. 104/1995

Assent Date:

5.12.95

Commencement Date:

1.1.96: s. 2

Current State:

All of Act in operation

Zoological Parks and Gardens Act 1995, No. 106/1995

Assent Date:

5.12.95

Commencement Date:

S. 53 on 30.4.96: Special Gazette (No. 45) on 30.4.96 p. 1

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Miscellaneous Acts (Further Omnibus Amendments) Act 1996, No. 73/1996

Assent Date:

17.12.96

Commencement Date:

S. 24 on 17.12.96: s. 2(1)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Financial Management (Amendment) Act 1997, No. 42/1997

Assent Date:

11.6.97

Commencement Date:

11.6.97: s. 2

Current State:

All of Act in operation

Audit (Amendment) Act 1997, No. 93/1997

Assent Date:

16.12.97

Commencement Date:

Ss 25, 28 (Sch. item 13) on 1.7.98: s. 2(2)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Financial Management (Amendment) Act 1998, No. 1/1998

Assent Date:

31.3.98

Commencement Date:

1.7.98: s. 2

Current State:

All of Act in operation

Public Sector Reform (Miscellaneous Amendments) Act 1998, No. 46/1998

Assent Date:

26.5.98

Commencement Date:

S. 7(Sch. 1) on 1.7.98: s. 2(2)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Audit (Amendment) Act 1999, No. 53/1999

Assent Date:

14.12.99

Commencement Date:

S. 24 on 1.1.00: Government Gazette 23.12.99 p. 2764

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Financial Management (Financial Responsibility) Act 2000, No. 9/2000

Assent Date:

18.4.00

Commencement Date:

Ss 3–5 on 19.4.00: s. 2

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Statute Law Amendment (Authorised Deposit-taking Institutions) Act 2001, No. 11/2001

Assent Date:

8.5.01

Commencement Date:

S. 3(Sch. item 26) on 1.6.01: s. 2(2)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Corporations (Consequential Amendments) Act 2001, No. 44/2001

Assent Date:

27.6.01

Commencement Date:

S. 3(Sch. item 43) on 15.7.01: s. 2

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Victorian Managed Insurance Authority (Amendment) Act 2001, No. 50/2001

Assent Date:

27.6.01

Commencement Date:

S. 9 on 28.6.01: s. 2

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Constitution (Parliamentary Reform) Act 2003, No. 2/2003 (as amended by No. 44/2006)

Assent Date:

8.4.03

Commencement Date:

S. 52 on 31.10.06: s. 2(3)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Audit (Amendment) Act 2003, No. 36/2003

Assent Date:

11.6.03

Commencement Date:

S. 25 on 1.7.03: s. 2(2)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Financial Management (Amendment) Act 2004, No. 43/2004

Assent Date:

16.6.04

Commencement Date:

Ss 4–14 on 17.6.04: s. 2

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Public Administration Act 2004, No. 108/2004

Assent Date:

21.12.04

Commencement Date:

S. 117(1)(Sch. 3 item 77) on 5.4.05: Government Gazette 31.3.05 p. 602

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Treasury Legislation (Miscellaneous Amendments) Act 2005, No. 72/2005

Assent Date:

25.10.05

Commencement Date:

S. 3 on 26.10.05: s. 2

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Treasury Legislation (Repeal) Act 2005, No. 73/2005

Assent Date:

25.10.05

Commencement Date:

S. 4(Sch. 2 item 2) on 26.10.05: s. 2

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Financial Management (Miscellaneous Amendments) Act 2006, No. 26/2006

Assent Date:

6.6.06

Commencement Date:

7.6.06: s. 2

Current State:

All of Act in operation

Public Sector Acts (Further Workplace Protection and Other Matters) Act 2006, No. 80/2006

Assent Date:

10.10.06

Commencement Date:

S. 26(Sch. item 38) on 11.10.06: s. 2(1)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Unclaimed Money Act 2008, No. 44/2008

Assent Date:

26.8.08

Commencement Date:

S. 110 on 1.1.09: s. 2(2)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

State Taxation and Financial Legislation Amendment Act 2013, No. 69/2013

Assent Date:

19.11.13

Commencement Date:

Ss 11–13 on 20.11.13: s. 2(1)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Court Services Victoria Act 2014, No. 1/2014

Assent Date:

11.2.14

Commencement Date:

Ss 63–65 on 1.7.14: s. 2(2)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Victoria Police Amendment (Consequential and Other Matters) Act 2014, No. 37/2014

Assent Date:

3.6.14

Commencement Date:

S. 10(Sch. item 62) on 1.7.14: Special Gazette (No. 200) 24.6.14 p. 2

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Court Services Victoria and Other Acts Amendment Act 2015, No. 25/2015

Assent Date:

29.6.15

Commencement Date:

Ss 6–8 on 30.6.15: Special Gazette (No. 183) 30.6.15 p. 

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Regulatory Legislation Amendment (Reform) Act 2022, No. 13/2022

Assent Date:

29.3.22

Commencement Date:

Ss 31, 32 on 30.3.22: s. 2(3)

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

Financial Management Amendment (Gender Responsive Budgeting) Act 2024, No. 21/2024

Assent Date:

4.6.24

Commencement Date:

Ss 4–10 on 5.6.24: s. 2

Current State:

This information relates only to the provision/s amending the Financial Management Act 1994

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    3     Explanatory details

[1] S. 27E: The Minister is also required, under section 16B (repealed) of the Audit Act 1994, to cause the report of the Auditor-General's review of the estimated financial statements under that section to be laid before each House of the Parliament with the estimated financial statements.

[2] S. 45(5): The requirements for the report of operations and financial statements of the Victorian Auditor-General's Office are contained in section 7B of the Audit Act 1994.

[3] S. 46(4): See note 2.

[4] S. 53(3): See note 2.


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