Australian Capital Territory
Financial Management (Directorates) Guidelines 2014
Disallowable instrument DI2014–52
made under the
Financial Management Act 1996, s133 (Guideline-making power)
EXPLANATORY STATEMENT

Outline
These guidelines are issued in accordance with section 133 of the Financial Management Act 1996 (the Act).
This instrument, Financial Management (Directorates) Guidelines 2014 prescribes certain directorates for the purposes of the Act.
The Lifetime Care and Support (Catastrophic Injuries) Act 2014 (the LTCS Act) was notified on 17 April 2014.  The LTCS Act establishes the Lifetime Care and Support Fund (the LTCS Fund) and requires the Treasurer under the Financial Management Act 1996 (FMA) to establish and keep a directorate for the LTCS Fund.  The LTCS Fund is to commence from 1 July 2014.    
This instrument applies from the 1 July 2014 and designates the LTCS Fund as a directorate for the purposes of the FMA.

Details of the Financial Management (Directorates) Guidelines 2014
Clauses 1 and 2 are formal requirements.  They refer to the name and the commencement date.
Clause 3 indicates that the instrument applies to all financial years from 1 July 2014.
Clause 4 lists all parts of administrative units which are prescribed as separate directorates.
Clause 5 revokes the Financial Management (Directorates) Guidelines 2013, which is replaced by provisions made under this guideline.

End