Save Search

Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Public Governance, Performance and Accountability Bill 2013

2010-2011-2012-2013

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

Public Governance, Performance and Accountability Bill 2013

 

No.      , 2013

 

(Finance and Deregulation)

 

 

 

A Bill for an Act about the governance, performance and accountability of, and the use and management of public resources by, the Commonwealth, Commonwealth entities and Commonwealth companies, and for related purposes

   

   

   



Contents

Chapter 1—Introduction                                                                                        2

Part 1-1—Introduction                                                                                                        2

Division 1—Preliminary                                                                                              2

1............ Short title............................................................................................. 2

2............ Commencement................................................................................... 2

3............ This Act binds the Crown................................................................... 3

4............ This Act extends to things outside Australia....................................... 3

Division 2—Objects of this Act                                                                                4

5............ Objects of this Act.............................................................................. 4

Division 3—Guide to this Act                                                                                    5

6............ Guide to this Act................................................................................. 5

Part 1-2—Definitions                                                                                                            9

Division 1—Guide to this Part                                                                                  9

7............ Guide to this Part................................................................................ 9

Division 2—The Dictionary                                                                                      10

8............ The Dictionary.................................................................................. 10

Chapter 2—Commonwealth entities and the Commonwealth           14

Part 2-1—Core provisions for this Chapter                                                         14

Division 1—Guide to this Part                                                                                14

9............ Guide to this Part.............................................................................. 14

Division 2—Core provisions for this Chapter                                                15

10.......... Commonwealth entities..................................................................... 15

11.......... Types of Commonwealth entities...................................................... 15

12.......... Accountable authorities..................................................................... 15

13.......... Officials............................................................................................ 16

Part 2-2—Accountable authorities and officials                                                17

Division 1—Guide to this Part                                                                                17

14.......... Guide to this Part.............................................................................. 17

Division 2—Accountable authorities                                                                   18

Subdivision A—General duties of accountable authorities                            18

15.......... Duty to govern the Commonwealth entity......................................... 18

16.......... Duty to establish and maintain systems relating to risk and control.. 18

17.......... Duty to encourage cooperation with others....................................... 19

18.......... Duty in relation to requirements imposed on others.......................... 19

19.......... Duty to keep responsible Minister and Finance Minister informed... 19

Subdivision B—Rules about general duties of accountable authorities      20

20.......... Rules about general duties of accountable authorities........................ 20

Subdivision C—Application of government policy                                          20

21.......... Non-corporate Commonwealth entities............................................. 20

22.......... Corporate Commonwealth entities.................................................... 20

Subdivision D—Special provisions applying to accountable authorities of non-corporate Commonwealth entities                                                                                                          21

23.......... Power in relation to arrangements..................................................... 21

24.......... Power to establish advisory boards................................................... 21

Division 3—Officials                                                                                                    22

Subdivision A—General duties of officials                                                        22

25.......... Duty of care and diligence................................................................. 22

26.......... Duty to act in good faith and for proper purpose.............................. 22

27.......... Duty in relation to use of position..................................................... 22

28.......... Duty in relation to use of information............................................... 22

29.......... Duty to disclose interests.................................................................. 23

Subdivision B—Provisions relating to general duties of officials                23

30.......... Termination of appointment for contravening general duties of officials  23

31.......... Interaction between Subdivision A and other laws........................... 24

Subdivision C—Officials to whom the Public Service Act applies               24

32.......... Officials to whom the Public Service Act applies............................. 24

Part 2-3—Planning, performance and accountability                                    26

Division 1—Guide to this Part                                                                                26

33.......... Guide to this Part.............................................................................. 26

Division 2—Planning and budgeting                                                                    28

34.......... Key priorities and objectives of the Australian Government............. 28

35.......... Corporate plan for Commonwealth entities....................................... 28

36.......... Budget estimates for Commonwealth entities.................................... 29

Division 3—Performance of Commonwealth entities                                30

37.......... Records about performance of Commonwealth entities.................... 30

38.......... Measuring and assessing performance of Commonwealth entities... 30

39.......... Annual performance statements for Commonwealth entities............. 30

40.......... Audit of annual performance statements for Commonwealth entities 31

Division 4—Financial reporting and auditing for Commonwealth entities          32

41.......... Accounts and records for Commonwealth entities............................ 32

42.......... Annual financial statements for Commonwealth entities................... 32

43.......... Audit of annual financial statements for Commonwealth entities...... 33

44.......... Audit of subsidiary’s financial statements......................................... 34

Division 5—Audit committee for Commonwealth entities                      35

45.......... Audit committee for Commonwealth entities.................................... 35

Division 6—Annual report for Commonwealth entities                           36

46.......... Annual report for Commonwealth entities........................................ 36

Division 7—Whole-of-government financial reporting                             37

47.......... Monthly financial reports.................................................................. 37

48.......... Annual consolidated financial statements.......................................... 37

49.......... Audit of annual consolidated financial statements............................. 37

Part 2-4—Use and management of public resources                                      39

Division 1—Guide to this Part                                                                                39

50.......... Guide to this Part.............................................................................. 39

Division 2—Funding and expenditure                                                                 41

51.......... Making amounts appropriated available to Commonwealth entities.. 41

52.......... Commitment and expenditure of relevant money.............................. 41

Division 3—Banking                                                                                                    42

53.......... Banking by the Commonwealth........................................................ 42

54.......... Banking by corporate Commonwealth entities.................................. 42

55.......... Banking of relevant money by Ministers and officials...................... 42

Division 4—Borrowing                                                                                               43

56.......... Borrowing by the Commonwealth.................................................... 43

57.......... Borrowing by corporate Commonwealth entities.............................. 43

Division 5—Investment                                                                                              44

58.......... Investment by the Commonwealth.................................................... 44

59.......... Investment by corporate Commonwealth entities.............................. 45

Division 6—Indemnities, guarantees, warranties and insurance         46

60.......... Indemnities, guarantees or warranties by the Commonwealth........... 46

61.......... Indemnities, guarantees or warranties by corporate Commonwealth entities            46

62.......... Insurance obtained by corporate Commonwealth entities.................. 46

Division 7—Waivers, set-offs and act of grace payments                       47

63.......... Waiver of amounts owing to the Commonwealth............................. 47

64.......... Setting off amounts owed to, and by, the Commonwealth................ 47

65.......... Act of grace payments by the Commonwealth.................................. 47

Division 8—Special provisions applying to Ministers and certain officials          49

Subdivision A—Gifts of relevant property                                                         49

66.......... Gifts of relevant property.................................................................. 49

Subdivision B—Liability of Ministers and certain officials for unauthorised gifts and loss      49

67.......... Liability for unauthorised gifts of relevant property.......................... 49

68.......... Liability for loss—custody................................................................ 49

69.......... Liability for loss—misconduct.......................................................... 50

70.......... Provisions relating to liability of Ministers and officials................... 51

Division 9—Special provisions applying to Ministers only                      52

71.......... Approval of proposed expenditure by a Minister.............................. 52

72.......... Minister to inform Parliament of certain events................................. 52

Part 2-5—Appropriations                                                                                                54

Division 1—Guide to this Part                                                                                54

73.......... Guide to this Part.............................................................................. 54

Division 2—Appropriations relating to non-corporate Commonwealth entities and the Commonwealth                                                                                                                       55

74.......... Receipts of amounts by non-corporate Commonwealth entities........ 55

75.......... Transfers of functions between non-corporate Commonwealth entities 55

76.......... Notional payments and receipts by non-corporate Commonwealth entities              57

77.......... Repayments by the Commonwealth.................................................. 57

Division 3—Special accounts                                                                                   58

78.......... Establishment of special accounts by the Finance Minister............... 58

79.......... Disallowance of determinations relating to special accounts............. 59

80.......... Special accounts established by other Acts....................................... 59

Part 2-6—Cooperating with other jurisdictions                                                 61

Division 1—Guide to this Part                                                                                61

81.......... Guide to this Part.............................................................................. 61

Division 2—Cooperating with other jurisdictions                                        62

82.......... Sharing information with other jurisdictions..................................... 62

83.......... Auditing by State and Territory Auditors-General............................ 62

Part 2-7—Companies, subsidiaries and new corporate Commonwealth entities                 64

Division 1—Guide to this Part                                                                                64

84.......... Guide to this Part.............................................................................. 64

Division 2—Companies and subsidiaries                                                          65

Subdivision A—The Commonwealth’s involvement in companies              65

85.......... The Commonwealth’s involvement in companies............................. 65

Subdivision B—Subsidiaries of corporate Commonwealth entities             65

86.......... Subsidiaries of corporate Commonwealth entities............................. 65

Division 3—New corporate Commonwealth entities                                 66

87.......... Establishing new corporate Commonwealth entities......................... 66

Chapter 3—Commonwealth companies                                               68

Part 3-1—General                                                                                                                 68

Division 1—Guide to this Part                                                                                68

88.......... Guide to this Part.............................................................................. 68

Division 2—Core provisions for this Chapter                                                69

89.......... Commonwealth companies............................................................... 69

90.......... Wholly-owned Commonwealth companies....................................... 70

Division 3—Special requirements for wholly-owned Commonwealth companies            71

91.......... Duty to keep the responsible Minister and Finance Minister informed 71

92.......... Audit committee................................................................................ 72

93.......... Application of government policy..................................................... 72

Part 3-2—Planning and accountability                                                                    73

Division 1—Guide to this Part                                                                                73

94.......... Guide to this Part.............................................................................. 73

Division 2—Planning and budgeting                                                                    74

95.......... Corporate plan for Commonwealth companies................................. 74

96.......... Budget estimates for wholly-owned Commonwealth companies...... 74

Division 3—Reporting and accountability                                                       76

97.......... Annual reports for Commonwealth companies................................. 76

98.......... Auditor of Commonwealth companies.............................................. 77

99.......... Audit of subsidiary’s financial statements......................................... 77

Chapter 4—Rules and delegations                                                             79

Part 4-1—The rules                                                                                                              79

Division 1—Guide to this Part                                                                                79

100........ Guide to this Part.............................................................................. 79

Division 2—The rules                                                                                                  80

101........ The rules........................................................................................... 80

102........ Rules relating to the Commonwealth and Commonwealth entities.... 80

103........ Rules relating to the Commonwealth and non-corporate Commonwealth entities    81

104........ Rules modifying the application of this Act...................................... 81

105........ Rules in relation to other CRF money............................................... 82

Part 4-2—Delegations                                                                                                         83

Division 1—Guide to this Part                                                                                83

106........ Guide to this Part.............................................................................. 83

Division 2—Delegations                                                                                             84

107........ Finance Minister............................................................................... 84

108........ Treasurer........................................................................................... 85

109........ Finance Secretary.............................................................................. 86

110........ Accountable authority....................................................................... 87

 



A Bill for an Act about the governance, performance and accountability of, and the use and management of public resources by, the Commonwealth, Commonwealth entities and Commonwealth companies, and for related purposes

The Parliament of Australia enacts:

Chapter 1 Introduction

Chapter 2 Commonwealth entities and the Commonwealth

Chapter 3 Commonwealth companies

Chapter 4 Rules and delegations