Skip to main content

Victoria's Public Sector Financial Management to be Overhauled

by Staff Writers •
Subscriber preview

A new inquiry has been launched with a view to upgrading Victoria’s financial management practices and to bring them into line with world’s best practice.

The inquiry by the Public Accounts and Estimates Committee (PAEC) aims to:

  • improve the financial administration of the public sector
  • make it more accountable, and
  • provide for the annual reporting to the Parliament by departments and public sector bodies in relation to the state budget and financial report.

This inquiry is being conducted at the same time as the Government’s comprehensive review into the Financial Management Act 1994 and related legislation being undertaken by Department of Treasury and Finance.

Already a subscriber? Sign in here to keep reading

Want more content like this? Contact our team today for subscription options!

  • Stay up-to-date on hot topics in government
  • Navigate your business with executive level horizon outlooks
  • Get deep public sector ICT insights on our Market Watch series
  • VIC
  • Policy
  • Financial Management
  • PAEC
  • Victoria Public Sector