Australian Capital Territory
Financial Management Amendment Guidelines 2004 (No 1)
Disallowable Instrument DI 2004-56

The Treasurer makes the following guidelines under the Financial Management Act 1996, section 67 (Guideline-making power)
Dated 28 April 2004.

TED QUINLAN
Treasurer

Contents
	Page

1	Name of guidelines	1
2	Commencement	1
3	Guidelines amended	1
4	New section 8B		1
5	New sections 8C and 8D	2
6	New section 11A	3
7	Section 14		3
8	Departments—Act, dict, def of department, par (b) Sections 24 (c), (i), (j)	3
9	New section 24A	4

1	Name of guidelines
These guidelines are the Financial Management Amendment Guidelines 2004 (No 1).
2	Commencement
(1)	Section 8 commences on 1 July 2004.
(2)	The remaining provisions commence on the day after the notification day for the guidelines.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Guidelines amended
These guidelines amend the Financial Management Guidelines 2002.
4	New section 8B
insert
8B	Amendment of budgets—Act, s 19F (5)
A budget for a department for a financial year may be amended by amendments of any of the following:
	(a)	the amount shown as the expected total revenue of the department for the year;
	(b)	the amount shown as the expected total expenses of the department for the year;
	(c)	the amount shown as the expected operating surplus or deficit of the department for the year;
	(d)	the amount shown as the expected total value of the assets of the department at the end of the year;
	(e)	the amount shown as the expected total liabilities of the department at the end of the year;
	(f)	the amount shown as the expected value of the net assets of the department at the end of the year;
	(g)	the amount shown as the expected net increase or decrease in cash held by the department at the end of the year;
	(h)	the classes of outputs to be provided by the department during the year and amounts shown for classes of outputs as—
(i)	the expected total revenue of the department for each class of outputs; and
(ii)	the expected total expenses of the department for each class of outputs; and
(iii)	the expected operating surplus or deficit of the department for each class of outputs.
5	New sections 8C and 8D
insert
8C	Financial statements for budget review—general government sector—Act, s 20B (3) (a)
The following updated financial statements are required—
	(a)	a statement of financial performance for the general government sector estimated for the year; 
	(b)	a statement of financial position that it is planned that the general government sector will have at the end of the year; 
	(c)	a statement of the cash flows for the general government sector estimated for the year.
8D	Financial statements for pre-election budget update—Act, s 20D (3) (a)
The following updated financial statements are required—
	(a)	a statement of financial performance estimated for the year; 
	(b)	a statement of financial position that is planned for the end of the year;
	(c)	a statement of the cash flows estimated for the year.
6	New section 11A
insert
11A	Annual financial statements of planning and land authority—2003-2004
(1)	For the financial year beginning on 1 July 2003 the financial statements required for the planning and land authority are the financial statements that would be required under these guidelines if the authority—
(a)	had been an administrative unit during all of the financial year; and
(b)	had not been a Territory authority during any part of the financial year.
(2)	This section expires on 1 July 2004.
7	Section 14
substitute
14	Period for provision of financial statements to auditor-general—Act, s 61 (1)
The prescribed period is 30 days.
8	Departments—Act, dict, def of department, par (b)
Section 24 (c)
substitute
(c)	Housing ACT;
substitute
(i)	Home Loan Portfolio;
insert
(j)		Emergency Services Authority.
9	New section 24A
insert
24A	Departments—Act, dict, def of department, par (c)
	(1)	The following group of administrative units is prescribed as a department:
	(a)	Chief Minister’s Department;
	(b)	Office of Special Adviser, Council of Australian Governments and Intergovernmental Relations.
Note	If a group of 2 or more administrative units is prescribed for the definition of department, a single department is constituted by the group.
	(2)	The group of administrative units mentioned in subsection (1) is taken to have been prescribed as a department on 17 February 2004.
	(3)	Subsection (2) and this subsection expire on the day they commence.