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FINANCIAL MANAGEMENT AND ACCOUNTABILITY ACT 1997 No. 154 of 1997 - SECT 54
Preparation and publication of monthly statement of fund transactions
(1) As soon as practicable after the end of each month of a financial year,
the Finance Minister must publish a Statement of Commonwealth Financial
Transactions for the purpose of reporting comparisons between:
(2) The Statement must be in a form that reflects the main headings of the
Budget Estimates (by function and type, as appropriate), for the financial
year.
(3) The Statement must contain details of the transactions of the Funds for
the month, and for the current financial year up to the end of the month. It
must also show:
(a) the way in which the surplus for the month was applied,
or the deficit for the month was financed; and
(b) the way in which the surplus for the current financial year up to the
end of that month was applied, or the deficit for the current
financial year up to the end of that month was financed.
(4) The Statement may include any other information that the Finance Minister
considers relevant.
(5) In this section:
Budget Estimates means the estimates of revenue and
outlays tabled in Parliament as part of the annual Budget.
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