Legislative Assembly for the ACT: Week 8 Hansard (5 August) . . Page.. 3603..
Funding has been committed for the following works, which are currently at varying stages of completion. It is expected they will be completed and funds expended by about October 2004:
Financial Management Act
(Question Nos 1585-1601)
Mr Smyth asked the Chief Minister, upon notice, on 23 June 2004:
(1) Does the Minister know of any instance where the Financial Management Act has been breached within his or her Department;
(2) If so, (a) which section has been breached and (b) why;
(3) Is the Minister concerned or currently investigating any possible breaches of the Financial Management Act within their Department;
(4) If so, (a) which section may have been breached, (b) why and (c) how did he or she become aware a problem may exist.
Mr Quinlan: As the Treasurer I have undertaken to provide a response to Mr Smyth's questions on behalf of all ministers. The answers to the member's questions are as follows:
(1) and (2) ACT Health, the Department of Disability, Housing and Community Services, and the Department of Justice and Community Safety have identified instances where reports were provided to the Legislative Assembly outside the prescribed period on a small number of occasions.
A routine internal audit report on trust moneys held by the Department of Treasury Portfolio has identified that certain unclaimed trust moneys have been transferred to the Territory Banking Account before the processes prescribed under s53A have been undertaken. These funds relate to unclaimed lottery prize moneys received by the Gambling and Racing Commission. Corrective procedures have been put in place, as a result of the internal audit report, and moneys will now be transferred according to the procedures specified under the FMA.
The Construction Industry Long Service Leave Board currently undertakes investments under an approval granted under s56 of the FMA by Mrs Kate Carnell as Treasurer in 1998. These investments, which include Australian and overseas equities, were properly authorised under the s56 FMA provisions in place at that time.