The organisation safeguards financial integrity and accountability.
Sound financial management is critical to ensure effectiveness in programs and services, accountability and efficiency in the management of public resources. It is an essential element to sustain and improve good governance.
Operational element
Requirements to achieve organisational performance and accountability
Additional resources
7.1 Finance policies define the key strategic goals and outcomes for which the organisation’s finances must be employed
7.5 Structured procedures are in place to monitor and audit financial performance against budget and key strategic goals, both at executive level as well as by an independent audit committee
Principle 7: Finance
The organisation safeguards financial integrity and accountability.
Sound financial management is critical to ensure effectiveness in programs and services, accountability and efficiency in the management of public resources. It is an essential element to sustain and improve good governance.
Constitution Act 1889 (Sections 68 and 72)
Financial Management Act 2006
Treasurer’s Instructions
Financial Management Act 2006 (Part 4 section 53(1)(d))
Treasurer’s Instruction 1201: Structure of the internal audit function
Public Sector Management Act 1994 (Sections 7(g) and (h), 29(1)(c) and (n) and 30(c))
Financial Management Act 2006
Treasurer’s Instructions
Treasurer’s Instructions (Part IX and XI)
Financial Management Act 2006 (Part 4 section 53)
Public Sector Commissioner's Circular: 2009 -12 Costing and Pricing Government Services
Page last updated 4 November 2015