Finance Circular 2011/01
Commitments to spend public money (FMA Regulations 7 - 12)Please note that due to amendments to the financial framework legislation in 2012, this guidance is currently being reviewed.
This circular provides guidance on the financial management framework requirements that apply when committing and spending public money. These requirements apply to all agencies under the FMA Act and to all persons, including Ministers, considering entering into arrangements under which public money is payable or may become payable. It also contains guidance on arrangements where a person outside of the Commonwealth handles public money as an allocated official or under an agreement authorised under section 12 of the FMA Act.
This circular replaces Finance Circular 2009/05 Commitments to spend public money (FMA Regulations 7 to 13) and Finance Circular 2007/01 FMA Regulation 10.
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