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Public
Governance, Performance and Accountability Bill 2013
Introduced into the House of
Representatives on 16 May 2013
Portfolio: Finance and Deregulation
Overview
1.1
This bill seeks
to replace the current model for Commonwealth financial management established
through the Financial Management and Accountability Act 1997 (FMA Act)
and the Commonwealth Authorities and Companies Act 1997 (CAC Act). It
will consolidate under one piece of legislation the governance, performance and
accountability requirements for the Commonwealth and relevant entities, which
can broadly be characterised as ‘Commonwealth entities‘. These include
Departments of State, executive agencies and statutory authorities established
by Parliament. In relation to Commonwealth companies, the bill is drafted in
light of the fact that the primary regulatory framework that applies is the Corporations
Act 2001.
1.2
The bill will
create a financial framework under which entities will have the flexibility and
incentive to adopt appropriate systems and processes that help them achieve
their diverse policy and statutory objectives efficiently and effectively.
Entities will also be held accountable for their performance through a more
explicit framework for monitoring and evaluating performance.
Compatibility with human
rights
1.3
The bill is
accompanied by a brief statement of compatibility which states that the bill
does not engage any human rights and is therefore compatible with human rights.
1.4
The explanatory
memorandum states:
The
objective of CFAR [Commonwealth Financial Accountability Review] is to improve
performance, accountability, risk management and service delivery across
government. This recognises that a more effective financial framework will help
support a modern and forward-looking public sector that can respond to the
changing circumstances of the twenty-first century.[13]
1.5
The committee
considers that the bill does not appear to give rise to human rights concerns.
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