Victorian Current Acts

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FINANCIAL MANAGEMENT ACT 1994 - SECT 54C

Powers of Board

    (1)     The Board has all the powers necessary to perform its functions.

    (2)     Without limiting subsection (1), the Board may—

S. 54C(2)(a) amended by No. 69/2013
s. 13(d).

        (a)     enter into contracts or arrangements on its own behalf, on behalf of the State or on behalf of departments or specified entities;

        (b)     call and award tenders and advertise;

S. 54C(2)(c) amended by No. 69/2013
s. 13(d).

        (c)     consider and approve requisitions for the purchase of goods and services by departments or specified entities;

S. 54C(2)(d) amended by No. 69/2013
s. 13(e).

        (d)     require accountable officers to audit compliance by departments and specified entities with supply policies and Ministerial directions and provide audit reports to the Board;

S. 54C(2)(e) amended by No. 1/1998
s. 14(c).

        (e)     require accountable officers to provide information and data relating to the supply of goods and services and the management and disposal of goods;

        (f)     exercise any other powers conferred on the Board by this Act or the regulations.

    (3)     An accountable officer must provide to the Board on request—

        (a)     audit reports referred to in subsection (2)(d);

        (b)     information and data referred to in subsection (2)(e).

S. 54D inserted by No. 75/1994 s. 4.



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