Financial Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Definitions
Part II ACCOUNTING OFFICERS
3 Duties of an Accounting Officer
4 Irregularity in accounts
5 Responsibilities of Accounting Officer
Part III RECEIPTS
6 Entries of receipts
7 Receipt of public money
8 Gross amount to be accounted for
9 Restriction on use of public money
10 Reports of arrears of revenue
Part IV PAYMENTS
11 Authorisation for payments
12 Warrants for payments out of Consolidated Fund
13 Warrants for payments out of Government funds
14 (Deleted)
15 Vouchers for payments into account
16 Vouchers to have full details
17 Responsibility of officer approving voucher for payment
Part V CLASSIFICATION AND CONTROL
18 Estimates to be basis of accounts
19 Receipts and payments
20 (Deleted)
21 Valuation of investment
22 Secret expenditure or receipt
23 Necessity to report to Accounting Officer when provision is insufficient
Part VI IMPRESTS
24 Imprest Warrant
25 Control of imprests
Part VII CUSTODY OF PUBLIC MONEYS
26 Safeguarding of public moneys
27 Boards of Survey to examine public moneys and revenue stamps
Part VIII ANNUAL ACCOUNTS
28 Annual statements of accounts
Part IX CUSTODY OF STORES
29 Verification of public stores
Part X CAPITALISING NATIONALLY SIGNIFICANT INFRASTRUCTURE EXPENDITURE
Division 1 — Interpretive provisions
30 Definitions for this Part
31 List of approved infrastructure projects
Division 2 — Capitalising expenditure as asset
32 Capitalising expenditure relating to approved infrastructure projects
33 Recognition as an asset based on cost
34 Recognition as an asset
Division 3 — Depreciation, impairment and useful life
35 Accounting for depreciation and impairment losses
36 Depreciation
37 Useful life
38 Impairment review and recognition
Division 4 — Disposal
39 De-recognising asset upon its disposal
Legislative History