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Legislative Assembly for the ACT: 2000 Week 8 Hansard (30 August) . . Page.. 2655 ..
MR HUMPHRIES (continuing):
I ask for leave to make a statement in relation to the guidelines.
Leave granted.
MR HUMPHRIES: Mr Speaker, these guidelines are issued in accordance with section 67 of the Financial Management Act 1996. The act allows me, as Treasurer, to issue guidelines to prescribe matters within the scope of the act. Such guidelines are a disallowable instrument for the purposes of the Subordinate Laws Act 1989.
I have issued these guidelines to define the meaning of debt instrument as securities and commercial paper having at least the Standard and Poor's short-term A2 or long-term AA ratings; define the meaning of a prescribed investment as a debt instrument, a loan to a territory entity or an investment in territory-owned property; prescribe ACT Executive, ACT Forests, ACT Housing, ACTION, ACT WorkCover, Central Financing Unit, InTACT and Superannuation Unit as separate departments; and prescribe the Office of Financial Management as a department for the period of 1 July 1999 to 6 August 1999 for the preparation, auditing and tabling of financial reports.
These guidelines repeal the Financial Management Guidelines issued on 3 June 1999 and as amended on 27 June 1999, and have been refined to reflect the updated departmental structure and provide clarity.
Mr Quinlan: What is that about?
MR HUMPHRIES: Have a read and find out.
MR HUMPHRIES (Treasurer, Attorney-General and Minister for Justice and Community Safety): Mr Speaker, for the information of members, I present the following papers:
Financial Management Act, pursuant to section 18-Authorisation of expenditure in 1999-2000, including the Statement of Reasons for Expenditure against the Treasurer's Advance.
I ask for leave to make a statement in relation to the authorisation.
Leave granted.
MR HUMPHRIES
: As required under the Financial Management Act 1996, I have tabled a copy of the authorisations for the expenditure under section 18 of the act and a statement of the reasons relating to the expenditure. Section 18 of the act allows the Treasurer to authorise expenditure from the Treasurer's Advance. The authorisation may be to provide for expenditure in excess of an amount already specifically appropriated, or an expenditure for which there is no appropriation. The act states that where the
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