FINANCIAL MANAGEMENT ACT 2004
BILL NO. 18 OF
2004
A BILL FOR AN ACT
TO REGULATE THE FINANCIAL MANAGEMENT SYSTEM OF THE STATE AND FOR RELATED
MATTERS
ENACTED by the Parliament of the Fiji Islands -
1. Short title and commencement
5. Principles of responsible financial management
6. General responsibility of the Minister for financial management
7. General responsibility of responsible authorities for financial management
8. Responsibility for powers, functions and duties of state entities under this Act
10. Money payable into Consolidated Fund
11. Withdrawal of money from Consolidated Fund and certain other funds
12. Strategic Policy Statement
13. Annual budget
Division 2 – Control of expenditure of public money
15. Requisition to Incur Expenditure
16. Virement of appropriation for budget sector agencies other than parliamentary bodies
17. Virement of appropriation for parliamentary bodies
19. Carry-over of appropriation
21. Reallocation of appropriations on assignment of government business
22. Redeployment of appropriation
23. Authorisation pending enactment of Annual Appropriation Act
24. Expenditure for emergencies
27. Alteration of arrangements
Division 1 – Responsibilities
of chief executive officers and other responsible authorities
29. Power to incur expenditure
Division 2 – Finance
Instructions
31. Application of and compliance with Finance Instructions
32. Contents of Finance Instructions
Division 3 – Annual
corporate plans
Division 4 – Write-off
and other matters
34. Write-off, refunds and ex gratia payments
35. Duties of budget sector agencies regarding losses
36. Delegation of authority to write off losses
Division 1 – Responsibilities
of boards and other responsible authorities
37. Responsibilities
38. Regulations applying to off-budget state entities
39. Compliance with regulations
41. This Division not to apply to certain state entities
Division 1 – Whole
of government
42. Interpretation
43. Quarterly appropriation statements
45. Annual reports
46. Whole of government financial statements
47. Annual appropriation statement
Division 2 – Budget
sector agencies
50. Annual financial statements
Division 3 – Off-budget
state entities
52. Annual financial statements
53. This Division not to apply to certain state entities
PART 8 – BANKING AND OTHER ARRANGEMENTS
55. Investments
56. Overdrafts
58. Alteration or termination of arrangements
59. Borrowing
60. Hedging transactions and arrangements
61. Lending
62. Guarantees
64. Exclusive authority to enter into transactions or arrangements
65. Unclaimed money
66. Payment of previously unclaimed money
67. Interpretation
70. Withdrawal or Variation of surcharge
72. Delegation by the Minister
73. Delegation by responsible authorities
75. Conditions of delegation or sub-delegation
76. Operation of Interpretation Act
77. Operation of this Division
Division 4 – Other provisions
78. Relationship of this Act to other written laws
79. Appropriation of certain money
80. Departments and associated entities
81. Regulations
Division 5 – Repeals,
amendments, and transitional and savings provisions
83. Amendments