Page 3908 - Week 12 - Thursday, 21 October 1993
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FINANCIAL ARRANGEMENTS
Reimbursement of Expenditure by the ACT
The Commonwealth will reimburse the ACT on a fortnightly basis for agreed expenditure incurred in the provision of Commonwealth programs and services and in the exercise of statutory powers and functions pursuant to section 4A of the Act.
The payments will cover direct salaries and wages plus on-costs calculated on a formula agreed to by the parties. Both parties agree that the on-cost formula may vary from one agency to another and therefore may need to be assessed to take account of particular circumstances applying to each agency.
Audit Access
The ACT shall maintain separate reports for each agency/function relating to all expenses incurred in relation to the Territory.
The Commonwealth Auditor-General or a person authorised by him is entitled at all times to full and free access to all accounts and records of financial transactions relating to the Territory.
ADMINISTRATIVE PROCEDURES
Access to records
The ACT will be responsible for the control and safekeeping of any Territory records currently in its possession or received from DASETT.
The ACT permits access by officers authorised by DASETT to all such records under its control.
DASETT will provide access for ACT personnel authorised by the relevant ACT Agency to files, documents and other information under its control required for the carrying out of ACT responsibilities in the Territory.
Amendments to Memorandum of Understanding
The Parties can agree in writing to vary this Memorandum of Understanding at any time.
If either party wishes to terminate this Memorandum of Understanding, it will provide the other party with six months notice in writing of the intention to terminate.
Financial Control
A three year forward program is to be agreed between DASETT and the ACT and is to be provided to DASETT, in time to allow DASETT to meet the Commonwealth Budgetary timetable. This program will be used to determine the annual budget for each function provided by the ACT.
Arrangements for the transmission of monies, for reporting on program and project specific expenditure details, for aggregate and forecast financial year expenditure estimates and for revote assumptions are to be agreed between properly authorised officers of each party or as specified in individual memoranda of understanding or agreements. These may be altered with the written agreement of the parties.
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