The Treasurer’s Directions are currently being revised and updated to support the Working for Outcomes framework. During this transition phase, the Treasurer’s Directions on issue will comprise a selection of ‘new’ Treasurer’s Directions and a selection of existing Treasurer’s Directions.
This Table of Contents provides Agencies with guidance on the Treasurer’s Directions that are currently issued and in force. Where a conflict arises within the Treasurer’s Directions, the ‘new’ Treasurer’s Directions have precedence.
| Framework Series | Governance Series |
| Budget Series | Management of Risk Series |
| Accounting Series | Cash Management Series |
| Reporting Series | Corporate Tax Series |
Directions contained wihtin each Treasurer's Directions Section are shown in bold and are displayed within a box. Commentary supporting and explaining each Direction is included below the Direction(s) to which it relates.
Treasurer’s Directions issued and in force are listed below.
This Series will provide Agencies with an overview of the central concepts underpinning the Working for Outcomes framework. This Series will address topics such as: an explanation of the framework, description of the key elements, list of definitions and the legislative structure.
F1. INTRODUCTION
F1-1 Overview
F1-2 Definitions
F2. WORKING FOR OUTCOMES
F3. LEGISLATIVE STRUCTURE
F3-1 Overview
F3-2 Application
APPENDIX A:Treasurer's Delegations under the Financial Management Act
APPENDIX B: Treasurer's Delegations for Write-Offs, Losses, Waivers and Postponements ***updated 24 May 2007***
APPENDIX C: Treasurer's Delegations - Commissioner of Taxes
Existing Treasurer’s Directions
This Series will outline the Budget development and management principles and processes, output hierarchy and performance reporting arrangements under Working for Outcomes.
While the new Treasurer's Directions are being developed, Agencies should make reference to the Financial Management Act, the Financial Management Principles and applicable Treasury Circulars. In addition, Agencies can contact their Treasury Budget or Financial Analysts for advice and assistance to confirm requirements during this interim period.
Existing Treasurer’s Directions
Part 2 Section 1 Receipts to Operating Accounts** Incorporated into C3-1 Cash Management – Transaction: Receipting and A5.3 Accounting – Income: Agency Income**
The Accounting Series provides Agencies with instruction and guidance required for accrual accounting. This Series is divided into the accrual accounting elements: assets, liabilities, equity, income and expenses and, where applicable, makes reference to the Australian Accounting Standards.
Copies of the Australian Accounting Standards are available from the Australian Accounting Standards Board internet site (www.aasb.com.au).
Introduction Equity Assets Income Liabilities Expenses
A1-2 Materiality
A2-2 Property, Plant and Equipment
A2-3 Depreciation and Amortisation
A3-2 Accounts Payable and Accrued Expenses
A3-3 Provisions
A3-5 -
Existing Treasurer’s Directions
Part 2 Section 4 Financial Interests, Contingencies, Guarantees and Indemnities **Directions in relation to Guarantees and Indemnities is now superseded by Treasurers Direction G2.5 Guarantees and Indemnities**
This Series provides instruction and guidance in relation to Agency, and Government Business Division and whole of government reporting requirements.
R2.1 Agency Financial Statements | Appendix A | Appendix B
Existing Treasurer’s Directions
This Series will provide Agencies with instruction and guidance in relation to responsibilities and accountability for financial management.
G2.5 Guarantees and Indemnities
Existing Treasurer’s Directions
Part 3 Section 1 Accountable Officers
Part 3 Section 2 Internal Audit
Part 3 Section 3 Audit Committees
Part 3 Section 4 Evaluation and Review
Part 3 Section 6 Official Travel, Telephones and Hospitality *Incorporated in A6.3 Accounting - Expenses: General Expense *
This Series will provide Agencies with instruction and guidance in relation to Risk Management and will cover areas such as fraud control, asset and liability management, public/private partnerships and insurance. As an interim measure information in relation to asset and liability management has been included in certain Treasurer's Directions Sections in the Accounting Series.
Until such time as new Treasurer's Directions in this Series are issued, guidelines on insurance matters are available by reference to Treasurer's Direction Section 16 - Insurance Matters and Litigation.
This Series will specifically focus on cash and the management of risks associated with cash. It also covers areas such as collection of public money, banking arrangements and transaction management.
C1. INTRODUCTION
C2. BANKING ARRANGEMENTS
C3. TRANSACTION MANAGEMENT
Existing Treasurer’s Directions
Instruction and guidance in relation to tax obligations, including the Goods and Services Tax, Fringe Benefits Tax, Pay As You Go, fuel schemes and Tax Equivalents Regimes is located in Treasury Circulars.
Existing Treasurer’s Directions