The Victorian government is currently reforming the state’s public finance framework.
The government wants to modernise and simplify this framework and ensure best practice public financial management continues in Victoria. The Financial Management Act 1994 will be replaced by a more cohesive legislation framework for public finance.
As part of this review a discussion paper was released to canvass the views of the community about how this legislation can meet contemporary and future needs.
More than thirty individual and group submissions were received in response to the discussion paper, and those that were not requested to remain confidential are attached below.
Australian Accounting Standards Board (171 kb PDF)
Barry Ferguson (48 kb PDF)
Cemeteries and Crematoria Association of Victoria (77 kb PDF)
CPA Australia (56 kb PDF)
Ernst and Young (128 kb PDF)
Geelong Cemeteries Trust (68 kb PDF)
Geoffrey Wong (57 kb PDF)
Monash University (115 kb PDF)
ODCG (981 kb PDF)
Ombudsman Victoria (115 kb PDF)
State Services Authority (43 kb PDF)
The Institute of Chartered Accountants in Australia (1,487 kb PDF)
The Treasury New Zealand (65 kb PDF)
Treasury Corporation of Victoria (29 kb PDF)
Victorian Auditor-General's Office (543 kb PDF)
Victorian Electoral Commission (402 kb PDF)
Victorian Privacy Commissioner (95 kb PDF)
Victorian Universities Senior Finance Officers' Group (104 kb PDF)
Wannon Water (74 kb PDF)
Discussion paper
Hard copies of the discussion paper are still available on request. If you would like to receive it in an accessible format such as large print or audio, please phone (03) 9651 0909 or email publicfinancebill@dtf.vic.gov.au.
Discussion paper (325 kb PDF)
Read the discussion paper online:
Foreword
Introduction
1. Victoria’s current public finance system
1.1 Key participants in the public finance system
1.2 Legislative framework
1.3 Management frameworks
1.4 History of financial reform in Victoria
2. The case for change
2.1 Emerging thinking and trends
2.2 Modernisation and simplification
3. Possible directions for reform
3.1 An outcomes framework
3.2 Modernisation and simplification
4. Next steps
4.1 Responding to this discussion paper
4.2 Public Accounts and Estimates Committee Inquiry
Appendix A: Extract from Public Administration Act 2004, Part 1, s. 5
Appendix B: Extract from Public Administration Act 2004, Part 5, s. 81
List of shortened forms
Glossary of terms
Q&A
Q&A Factsheet (187 kb Word)
Relevant legislation
Administrative Arrangements Act 1983
Audit Act 1994
Borrowing and Investment Powers Act 1987
Constitution Act 1975
Financial Management Act 1994
Monetary Units Act 2004
Public Administration Act 2004
Public Authorities (Dividends) Act 1983
