s.35Power to make regulations
35
Section 35Part 0 — Powers and Duties of Minister of Finance

Power to make regulations

←→ Navigate  ·  Click subsection badges to collapse  ·  Press ? for help

The Cabinet on the advice of the Minister of Finance may make regulations —
requiring such information to be supplied to the Minister of Finance as that person considers necessary to enable the preparation of a report which that person, that person's ministry or the Cabinet is required by this Act to prepare;
prescribing accounting policies to be applied in preparing financial information for the purposes of this Act;
governing the operation of the centralised accounting information system established under section 54(h);
governing the operation of the centralised banking system established under section 54(i);
regulating the operation of bank accounts of ministries, portfolios, the Office of the Ombudsman and the Audit Office;
governing the calculation and payment of the capital charge required to be paid by ministries, portfolios, the Office of the Ombudsman and the Audit Office under section 41(5);
regulating the financial management practices of ministries, portfolios, the Office of the Ombudsman and the Audit Office;
providing for competitive tendering in connection with contracts to be entered into by or on behalf of the core government, statutory authorities or government companies;
prescribing and regulating the functions of the Director of Internal Audit;
allocating or transferring entity assets, liabilities or revenue of the core government from, to or between entities;
establishing the weighting of statutory authority and government company debt to be included in the calculation of net debt in accordance with section 14(3)(d); and
prescribing matters —
required or permitted by this Act to be prescribed by the Minister of Finance; or
necessary or convenient to be prescribed by the Minister of Finance for carrying out or giving effect to this Act.

Cross References

Referenced By