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
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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/
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General Introduction
VC Compliance Delegate
Ilias Dimopoulos, Head of Finance
Compliance Coordinator
Ilias Dimopoulos, Head of Finance
Business Units Impacted
Overview
The objects of this Act are as followsâ€"
(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 Overview