Explanatory Memorandum
(Circulated by authority of the Minister for Finance and Administration, Senator the Honourable Nick Minchin)Table of Abbreviations and Common Terms
Abbreviation or Common Term | Full Term or Description |
---|---|
Agency | An agency that is subject to the FMA Act, that is a Department of State, a Department of the Parliament or a prescribed Agency under the Financial Management and Accountability Regulations 1997 |
CAC Act | Commonwealth Authorities and Companies Act 1997 |
CAC Act authority | A statutory authority that is subject to the CAC Act |
CAF | Commercial Activities Fund - abolished on 1 July 1999 by the FMLA Act 99 |
CRF | Consolidated Revenue Fund |
Draft FFLA Bill | Exposure Draft of the Financial Framework Legislation Amendment Bill, dated 18 February 2003, examined in JCPAA Report 395 |
FFLA Bill | Financial Framework Legislation Amendment Bill 2004 |
Finance | Department of Finance and Administration |
Finance Minister | Minister for Finance and Administration - previously the Minister for Finance |
FMA Act | Financial Management and Accountability Act 1997 |
FMLA Act 99 | Financial Management Legislation Amendment Act 1999 |
JCPAA | Joint Committee of Public Accounts and Audit |
JCPAA Report 395 | Report 395 of the Joint Committee of Public Accounts and Audit, Inquiry into the Draft Financial Framework Legislation Amendment Bill, tabled 20 August 2003 |
RMF | Reserved Money Fund - abolished on 1 July 1999 by the FMLA Act 99 |