Compliance Overview

Compliance Framework
Compliance Driver Government Sector Finance Act 2018 (NSW)
Classification Level 1
University-wide concern. Impacts on reputation and funding.
Associated Legislation
Associated Standards None
Associated Codes None
Associated Information None
Return to Top Administrative Information
Administrative Body NSW Treasury
Administrative Name
Administrative Address Mailing Address
GPO Box 5469
Sydney NSW
Australia, 2000
Administrative Phone  
Administrative Email  
Administrative Website https://www.treasury.nsw.gov.au/
Return to Top General Introduction
VC Compliance Delegate Karma Auden, Chief Financial Officer
Compliance Coordinator Ilias Dimopoulos, Head of Finance
Business Units Impacted
  • Academic Development
  • Accounting
  • Advancement, Alumni and Events
  • Ag360
  • Animal Genetics and Breeding Unit
  • Australian Business Research Institute
  • Brand Partnership and Business Development
  • Business Intelligence and Analytics
  • Business Services
  • Campuses
  • Careers & Employability
  • Centre for Agriculture and Law
  • Centre for Animal Research and Teaching
  • Centre for Applied Research in Social Science
  • Centre for Local Government
  • Client Services
  • Collaborative Research Centres
  • Computational Analytics Software Infomatics
  • Controlled Entities
  • Corporate Communications and Events
  • Cotton Catchment Communities CRC
  • CRC for Beef Genetic Technologies
  • CRC for Spatial Information
  • Curriculum and Academic Management
  • Data Services
  • Digital Education
  • Education Enterprise
  • Education Futures
  • Education Quality Directorate
  • English Language Centre
  • Enterprise Architecture
  • Estate and Built Environment
  • Examinations Office
  • Faculty of Humanities, Arts, Social Sciences and Education
  • Faculty of Medicine and Health
  • Faculty of Science, Agriculture, Business and Law
  • Finance Strategy and Business Intelligence
  • Graduate Research School
  • Heritage Futures Research Centre
  • Information Security
  • Infrastructure Services
  • Institute for Rural Futures
  • Integrated Services and Operational Intelligence
  • Internal Audit
  • Legal Services
  • Library Services
  • Office of Strategy and Management
  • Office of the Chief Financial Officer
  • Office of the Chief Operating Officer
  • Office of the Deputy Vice-Chancellor
  • Office of the Deputy Vice-Chancellor (Research)
  • Office of the Director Governance and University Secretary
  • Office of the Pro Vice-Chancellor Indigenous
  • Office of the Vice-Chancellor and CEO
  • Oorala Aboriginal Centre
  • Operational Reporting
  • People and Culture
  • Poultry Hub
  • Procurement
  • Records, Policy and Governance Unit
  • Research Centres and Institutes
  • Research Services
  • Rural Properties
  • School of Education
  • School of Environmental and Rural Science
  • School of Health
  • School of Humanities, Arts and Social Sciences
  • School of Law
  • School of Psychology
  • School of Rural Medicine
  • School of Science and Technology
  • Sport UNE
  • SportUNE
  • Strategic Partnerships & Business Development
  • Strategic Projects Group
  • Student Grievance Unit
  • Student Journey
  • Student Pathways
  • Student Services
  • Technology and Digital Services
  • The National Centre of Science, Information and Communication Technology, and Mathematics Education
  • Treasury
  • UNE Archives & Heritage Centre
  • UNE Brand and Marketing
  • UNE Business School
  • UNE Council
  • UNE Foundation Limited
  • UNE Foundation Trust
  • UNE International
  • UNE Life Healthcare Centre
  • UNE Life Pty Ltd
  • UNE Marketing
  • UNE Partnerships Pty Ltd
  • UNE Professional Superannuation Fund Pty Ltd
  • UNE Residential System
  • University Secretariat
  • Vechile Management Services
  • Yarm Gwanga
Overview The objects of this Act are as follows—
(a) to promote and support sound financial management, budgeting, performance, financial risk management, transparency and accountability in the government sector and by GSF agencies and government officers,
(b) to facilitate the effective devolution of roles and responsibilities in connection with financial management to support efficient and effective government,
(c) to require the efficient, effective and economical use and management of government resources and related money in accordance with the principles of sound financial management,
(d) to promote appropriate stewardship of government resources and related money,
(e) to facilitate cooperation and collaboration within and between GSF agencies for the purpose of achieving common objectives and whole of Government objectives,
(f) to facilitate the keeping and sharing of performance information in the government sector for the purposes of decisions about resource allocation.

NOTE: The Treasurer’s directions do not apply to a university or its controlled entities, except for the purposes of provisions of Divisions 7.2 and 7.3 of the Act that are applicable to universities and their controlled entities.

Compliance Obligations

Return to Top Division 7.2 Financial Reporting – Accounts and records of GSF Agencies
Description The University must ensure that accounts and records are kept for the agency that
(a) Properly record and explain the agency’s transactions, cash flows, financial position and financial performance; and
(b) Allow for the preparation and audit of financial statements or financial reports (Section 7.5)
Impacts
Responsible Manager Ilias Dimopoulos, Head of Finance
Coordinating Officer Ilias Dimopoulos, Head of Finance
Coordinating Unit Finance Strategy and Business Intelligence
Oversight Committee/Group None
Business Units Impacted
  • Accounting
  • Finance Strategy and Business Intelligence
Obligation Framework
Associated Legislation None
Associated Standard None
Associated Code None
Associated Information None
Management Tools
Rule None
Policy None
Protocol None
Procedure None
Guideline None
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