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Financial Management (Budget Amendment) Act 2017

REPUBLIC OF FIJI


FINANCIAL MANAGEMENT (BUDGET AMENDMENT) ACT 2017

ACT NO. 31 OF 2017

I assent.
J. K. KONROTE
President
[14 July 2017]

AN ACT

TO AMEND THE FINANCIAL MANAGEMENT ACT 2004

ENACTED by the Parliament of the Republic of Fiji—

Short title and commencement

1.—(1) This Act may be cited as the Financial Management (Budget Amendment) Act 2017.

(2) This Act comes into force on 1 August 2017.

(3) In this Act, the Financial Management Act 2004 is referred to as the "Principal Act".

Section 36 amended

2. Section 36 of the Principal Act is amended after subsection (1) by inserting the following new subsection—

"(1A) Notwithstanding subsection (1), the responsible authority of an off-budget State entity may write off losses in—

New section 37A inserted

3. The Principal Act is amended after section 37 by inserting the following new section—

"Independent offices
37A.—(1) The Ministry must ensure that an adequate amount of money is appropriated to any independent office to ensure that the independent office may independently and effectively exercise its powers and perform its functions and duties.
(2) The responsible authority for an independent office is responsible for the following—
(3) The annual report of an independent office under subsection (2) must—
(4) The annual financial statements of an independent office must be—
(5) An independent office must comply with the Finance Instructions and regulations governing procurement under this Act unless the independent office has its own rules, regulations or guidelines in respect of procurement which—
(6) Where there is any inconsistency between the provisions of this section and any other provision in this Act, the provisions of this section prevail.
(7) For the purposes of this section—

Passed by the Parliament of the Republic of Fiji this 14th day of July 2017.


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