Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Act 2014 (62 of 2014)

Schedule 2   Amendment of the Financial Management and Accountability Act 1997

Part 1   Amendments

Financial Management and Accountability Act 1997

4   After section 2

Insert:

2A Simplified outline of this Act

This Act confers on the Commonwealth, in certain circumstances, the powers:

(a) to make arrangements under which relevant money and other CRF money can be spent, or to make grants of financial assistance; and

(b) to form, or otherwise be involved in, companies.

The arrangements, grants, programs and companies (or classes of arrangements or grants) in relation to which the powers are conferred are specified in the regulations.