Queensland Subordinate Legislation as Made

FINANCIAL AND PERFORMANCE MANAGEMENT STANDARD 2019

- Made under the Financial Accountability Act 2009
- As at 30 August 2019
- Reg 182 of 2019

TABLE OF PROVISIONS

   PART 1 - PRELIMINARY

   1.      Short title
   2.      Commencement
   3.      Definitions
   4.      Purpose of standard
   5.      Relationship with other documents

   PART 2 - GOVERNANCE

           Division 1 - Governance frameworks and internal control structures

   6.      Governance frameworks
   7.      Internal control structures

           Division 2 - Planning

   8.      Strategic and operational plans

           Division 3 - Performance management

   9.      Performance to be managed in accordance with policy document
   10.     Performance management systems

           Division 4 - Resource management

   11.     Systems for managing resources
   12.     Financial management practice manuals
   13.     Revenue management
   14.     Expense management
   15.     Records of special payments
   16.     Losses from offences or corrupt conduct
   17.     Other losses
   18.     Asset management
   19.     Cash management
   20.     Liability management
   21.     Contingency management
   22.     Financial information management
   23.     Risk management

           Division 5 - Internal audit and audit committees

   24.     Internal audit function
   25.     Charter of internal audit function
   26.     Planning by internal audit function
   27.     Reports by internal audit function
   28.     Consideration of reports
   29.     Relationship with authorised auditors
   30.     Audit committees

           Division 6 - Contract performance guarantees

   31.     Definitions for division
   32.     Contract performance guarantee systems
   33.     Form and amount of contract performance guarantees
   34.     Other requirements for contract performance guarantees
   35.     Treasurer’s approval of guarantee providers

   PART 3 - REPORTING

           Division 1 - Preliminary

   36.     Final period for final financial statements—Act, s 62
   37.     Final period for final reports—Act, s 63

           Division 2 - Annual financial statements

              Subdivision 1 - Annual financial statements generally

   38.     Preparation of annual financial statements for departments—Act, s 62
   39.     Preparation of annual financial statements for statutory bodies—Act, s 62
   40.     Annual financial statements for newly formed departments and statutory bodies
   41.     Timing for giving annual financial statements to authorised auditor
   42.     Release of annual financial statements
   43.     Statutory bodies to consider authorised auditors’ reports and comments, observations and suggestions

              Subdivision 2 - Final financial statements

   44.     Final financial statements for abolished departments—Act, s 62
   45.     Final financial statements for abolished statutory bodies—Act, s 62

           Division 3 - Annual reports and final reports

   46.     Preparation of annual reports generally—Act, s 63
   47.     Provision and tabling of annual reports—Act, s 63
   48.     Consolidated reports
   49.     Annual reports of newly formed departments or statutory bodies
   50.     Final reports of abolished departments or statutory bodies—Act, s 63

           Division 4 - Provision about tabling documents

   51.     Tabling of documents when Legislative Assembly not sitting

   PART 4 - PROVISIONS APPLYING ONLY TO DEPARTMENTS

           Division 1 - Commercialisation

   52.     Responsibility for commercialisation
   53.     Level of charges for particular operations

           Division 2 - Miscellaneous provisions

   54.     Statements under the Act, s 77
   55.     Insurance contracts
   56.     When reports about derivative transactions to be given to appropriate Ministers—Act, s 86
   57.     Information to be contained in reports about derivative transactions—Act, s 86
   58.     Applications for Treasurer’s approval under the Act, ss 88 and 88A

   PART 5 - REPEAL AND TRANSITIONAL PROVISIONS

           Division 1 - Repeal

   59.     Repeal

           Division 2 - Transitional provisions

   60.     Definitions for division
   61.     Existing instruments, structures and systems
   62.     Existing charges for goods and services
   63.     Existing records
   64.     Existing risk management committees
   65.     Existing audit committees
   66.     Contract performance guarantees given before commencement
   67.     Existing approvals of security providers
   68.     Requirements to table particular instruments in Legislative Assembly
   69.     Preparation of annual financial statements and annual reports
   70.     Existing approvals relating to preparation of first annual financial statements
   71.     Decisions about timing for giving annual financial statements to authorised auditors
   72.     Existing extensions of tabling periods for annual reports
   73.     Existing approvals relating to preparation of first annual reports
   74.     Existing approvals for entering contracts of insurance
   75.     References to repealed standard
   76.     Application of Acts Interpretation Act 1954, s 20
           SCHEDULE 1