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

Schedule 9 Amendments of Acts starting with F to L

Repeal the section, substitute:

80 Application of the Public Governance, Performance and Accountability Act 2013

(1) The provisions of the Public Governance, Performance and Accountability Act 2013 referred to in subsection (2) have effect as if:

(a) the Board and the Agency were a single Commonwealth entity; and

(b) the Chair were the accountable authority of that single Commonwealth entity; and

(c) an annual report given to the Minister under section 46 of that Act were an annual report for that single Commonwealth entity; and

(d) the nominated Minister were the responsible Minister; and

(e) if the Agency is a listed entity for the purposes of that Act - the Agency were not a Commonwealth entity in its own right.

Note: The Board is not a Commonwealth entity (see subsection 10(2) of the Public Governance, Performance and Accountability Act 2013).

(2) The provisions of the Public Governance, Performance and Accountability Act 2013 are the following:

(a) Division 3 of Part 2-3 (which deals with performance of Commonwealth entities);

(b) Division 4 of Part 2-3 (which deals with financial reporting and auditing for Commonwealth entities), except section 44;

(d) Division 6 of Part 2-3 (which deals with annual reports for Commonwealth entities).

Note: This means, for example, that there will be:

(a) a single set of accounts and records for both the Board and the Agency; and

(b) a single set of annual financial statements in relation to both the Board and the Agency; and

(d) a single audit committee for both the Board and the Agency.