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Legislative Assembly for the ACT: 1996 Week 14 Hansard (12 December) . . Page.. 4825 ..

Financial Audits with Years Ending to 30 June 1996

MR SPEAKER: I present, for the information of members, Auditor-General's Report No. 11 of 1996, "Financial Audits with Years Ending to 30 June 1996".

Motion (by Mr Humphries), by leave, agreed to:

That the Assembly authorises the publication of the Auditor-General's Report No. 11 of 1996.


MRS CARNELL (Chief Minister and Treasurer): For the information of members, I present amendments to the ownership agreements between me as Treasurer and the chief executives of the following departments: Attorney-General's Department; Department of Business, the Arts, Sport and Tourism; Canberra Hospital; Chief Minister's Department; Department of Education and Training, and Children's, Youth and Family Services Bureau; Department of Health and Community Care; and Department of Urban Services. I move:

That the Assembly takes note of the papers.

As part of the financial reforms introduced from 1 July 1996, departments' chief executives were required to enter into ownership agreements with the Treasurer. These agreements set out guidelines to ensure that the Government receives the best possible return from the resources employed by the department through the efficient and businesslike management of those resources and the prudent management of financial risk to the Territory. The ownership agreements showed each department's budgeted financial statements, including the unaudited financial position at the beginning of the 1996-97 year. These agreements were tabled in the Assembly as part of the 1996-97 budget process.

As the Assembly is aware, some minor changes have been identified in the audit of last year's financial statements. In order to present an accurate picture of each department's financial position, ownership agreements have been amended to reflect the 1995-96 audited outcome. These amendments include both opening balances for 1996-97 balance sheets and cash flow statements, and the flowthrough effects on closing balances. I table these amendments for the interest of the Assembly.

Debate (on motion by Mr Wood) adjourned.

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