Public Finance (Management) Act
A printable [pdf] copy of the PF(M)A can be downloaded here. Given in this webpage are links to the main parts of the Act only.
INDEPENDENT STATE OF PAPUA NEW GUINEA
No. 21 of 1995
AN ACT
entitled
Public Finance (Management) Act 1995,
Being an Act to make provision for the management of public finances (including those relating to Provincial Governments and Local-level Governments as required by the Organic Law on Provincial Governments and Local-level Governments) and to repeal various Acts and for related matters,
MADE by the National Parliament to come into operation -
- insofar as relating to Part IX (and such other provisions as are directly relevant to the operation of Part IX) - in accordance with the coming into operation of the Organic Law on Provincial Governments and Local-level Governments ; and
- insofar as relating to the remainder - in accordance with a notice in the National Gazette by the Head of State, acting with, and in accordance with, the advice of the Minister.
|
PART I. - PRELIMINARY | [view pdf] -103kb |
| 1 | COMPLIANCE WITH CONSTITUTIONAL REQUIREMENTS | |
| 2 | INTERPRETATION | |
| PART II. - RESPONSIBILITY FOR FINANCIAL MANAGEMENT | [view pdf] -113kb | |
| 3 | RESPONSIBILITIES OF THE MINISTER | |
| 4 | RESPONSIBILITIES OF THE DEPARTMENTAL HEAD OF THE DEPARTMENT RESPONSIBLE FOR FINANCIAL MANAGEMENT | |
| 5 | RESPONSIBILITIES OF HEADS OF DEPARTMENTS | |
| 6 | ACCOUNTABLE OFFICERS | |
| 7 | RESPONSIBILITY OF PUBLIC OFFICE-HOLDER IN RELATION TO COLLECTION OF REVENUE | |
| 8 | FINANCE INSPECTORS | |
| 9 | POWERS OF DEPARTMENTAL HEAD | |
| PART III. - PUBLIC ACCOUNT | [view pdf] -121kb | |
| 10 | PUBLIC ACCOUNTS | |
| 11 | KEEPING OF PUBLIC ACCOUNT | |
| 12 | INVESTMENT OF PUBLIC ACCOUNT | |
| 13 | PAYMENTS INTO THE CONSOLIDATED REVENUE FUND | |
| 14 | PAYMENTS OUT OF CONSOLIDATED REVENUE FUND | |
| 15 | ESTABLISHMENT OF TRUST ACCOUNTS | |
| 16 | PAYMENTS INTO TRUST ACCOUNTS | |
| 17 | PAYMENTS OUT OF TRUST ACCOUNTS | |
| 18 | MONEYS AT CREDIT OF TRUST ACCOUNT NOT TO LAPSE | |
| 19 | MANAGEMENT OF TRUST ACCOUNT | |
| 20 | UNCLAIMED TRUST FUND MONEYS | |
| 21 | CLOSING OF TRUST ACCOUNTS | |
| PART IV. - NATIONAL BUDGET | [view pdf] -133kb | |
| 22 | NATIONAL BUDGET | |
| 23 | COMPILATION OF NATIONAL BUDGET | |
| PART V. - BUDGETARY CONTROL | [view pdf] -143kb | |
| 24 | ADJUSTMENT OF APPROPRIATION AS BETWEEN SERVICES | |
| 25 | ADJUSTMENT OF APPROPRIATION FOR NEW SERVICES | |
| 26 | DELEGATION | |
| 27 | LAPSING OF RECURRENT APPROPRIATIONS | |
| 28 | CERTAIN AMOUNTS DEEMED TO HAVE BEEN APPROPRIATED | |
| 29 | WARRANTS FOR ISSUE AND EXPENDITURE OF PUBLIC MONEYS | |
| 30 | LAPSE OF CERTAIN WARRANTS | |
| 31 | WARRANT AUTHORITIES | |
| 32 | APPROVAL OF REQUISITIONS | |
| 33 | PAYMENT OF ACCOUNTS | |
| 34 | TRANSFER TO TRUST ACCOUNTS OF ADVANCES OF GOVERNMENT CONTRIBUTIONS TO DONOR-FUNDED PROJECTS | |
| PART VA. - BUDGETARY CONTROL OF REVENUE ACCRUING TO THE STATE FROM THE DEVELOPMENT OF MINERAL RESOURCES | [view pdf] -91kb | |
| 34A | INTERPRETATION | |
| 34B | PREPARATION OF ESTIMATES OF REVENUE, ETC | |
| 34C | EXPENDITURE OF EXCESS REVENUE FROM DESIGNATED MINING ENTERPRISES, ETC., | |
| PART VI. - BORROWING, GUARANTEES AND LOANS BY THE STATE | [view pdf] -80kb | |
| 35 | RESTRICTIONS ON BORROWING | |
| 36 | ADVANCES AND OVERDRAFTS | |
| 37 | GUARANTEES BY THE STATE | |
| 38 | LOANS BY THE STATE | |
| PART VII. - STATE TENDERS AND CONTRACTS | [view pdf] -166kb | |
| 38A | APPLICATION OF THIS PART | |
| 39 | CENTRAL SUPPLY AND TENDERS BOARD | |
| 39A | OTHER SPECILIZED NATIONAL SUPPLY AND TENDERS BOARDS | |
| 39B | PROVINCIAL SUPPLY AND TENDERS BOARDS | |
| 40 | TENDERS FOR PROPERTY, STORES, WORKS AND SERVICES | |
| 41 | PREFERENCE TO NATIONAL TENDERERS | |
| 42 | CONSIDERATION OF TENDERS | |
| 43 | SMALL CONTRACTS AWARD BOARD | |
| 44 | FORM OF RECOMMENDATION BY BOARD | |
| 45 | NOTICE OF SUCCESSFUL TENDER | |
| 46 | SECRECY | |
| 47 | EXECUTION, ETC., OF STATE CONTRACTS | |
| 47A | OFFENCES | |
| 47B | AUTHORITY TO PRE-COMMIT EXPENDITURE | |
| 47C | CERTAIN CONTRACTS NULL AND VOID | |
| 47D | CLAIM AGAINST STATE NOT ENFORCEABLE IN CERTAIN CIRCUMSTANCES | |
| PART VIII. - PUBLIC BODIES | [view pdf] -129kb | |
| 48 | APPLICATION OF THIS PART | |
| 49 | SUBSIDIARY CORPORATIONS | |
| 50 | PERFORMANCE AND MANAGEMENT PLANS | |
| 51 | PARTICULARS OF PROPOSED EXPENDITURE. | |
| 52 | BANK ACCOUNTS | |
| 53 | MONEYS PAYABLE TO PUBLIC BODIES | |
| 54 | LOANS BY THE STATE | |
| 55 | PRIVATE TREATY LOANS | |
| 56 | BORROWING BY OVERDRAFT | |
| 57 | INVESTMENT | |
| 58 | APPLICATION OF MONEYS | |
| 59 | CONTRACTS FOR WORKS AND SERVICES | |
| 60 | POLICY DIRECTIONS ON TENDERING | |
| 61 | APPROVAL REQUIRED FOR CERTAIN CONTRACTS; | |
| 62 | ACCOUNTS, RECORDS, ETC; | |
| 63 | REPORTS AND FINANCIAL STATEMENTS | |
| 64 | POWERS OF INSPECTION OF THE MINISTER, ETC | |
| PART IX. - PROVINCIAL AND LOCAL-LEVEL GOVERNMENTS | [view pdf] -104kb | |
| 65 | CONDITIONAL GRANTS | |
| 65A | PROVINCIAL BUDGETS | |
| 66 | INVESTMENT | |
| 67 | LOANS, BORROWING AND GUARANTEES | |
| 68 | ACCOUNTING RECORDS, ETC | |
| 69 | INTERNAL CONTROL PROCEDURES | |
| 70 | PROVINCIAL AND DISTRICT TREASURY | |
| 70A | PAYMENT BY A PROVINCIAL GOVERNMENT OR A LOCAL-LEVEL GOVERNMENT | |
| 71 | STATEMENT OF FINANCIAL POSITION, ETC., OF PROVINCIAL GOVERNMENT AND LOCAL-LEVEL GOVERNMENT | |
| PART X. - THE PUBLIC ACCOUNTS COMMITTEE | [view pdf] -128kb | |
| 72 | INTERPRETATION OF PART X | |
| 73 | CONSTITUTION OF COMMITTEE | |
| 74 | DECLARATION TO BE MADE BY MEMBERS | |
| 75 | NORMAL TERM OF OFFICE | |
| 76 | VACATION OF OFFICE | |
| 77 | FAILURE TO ATTEND MEETINGS, ETC. | |
| 78 | QUORUM | |
| 79 | PRESIDING AT MEETINGS | |
| 80 | VOTING | |
| 81 | POWER TO SIT DURING RECESS | |
| 82 | REPORTS | |
| 83 | MINUTES | |
| 84 | SECTIONAL COMMITTEES | |
| 85 | CONTINUANCE OF EVIDENCE | |
| 86 | FUNCTIONS OF THE COMMITTEE | |
| 86A | REFERRAL OF MATTER | |
| 87 | ACCOUNTS OF CERTAIN PUBLIC BODIES | |
| 88 | SITTINGS TO BE IN PUBLIC EXCEPT IN CERTAIN CASES | |
| 89 | POWER TO SUMMON WITNESSES | |
| 90 | DISOBEDIENCE OF SUMMONS | |
| 91 | PREVENTING WITNESSES FROM GIVING EVIDENCE | |
| 92 | POWER TO TAKE EVIDENCE ON OATH OR AFFIRMATION | |
| 93 | REFUSING TO BE SWORN, ETC. | |
| 94 | PRIVILEGES OF WITNESSES | |
| 95 | PROTECTION TO WITNESSES | |
| 96 | FALSE EVIDENCE | |
| 97 | WITNESSES’ EXPENSES | |
| 98 | PROCEEDINGS TO BE INSTITUTED BY PUBLIC PROSECUTOR. | |
| 99 | ALLOWANCES | |
| 100 | ANNUAL REPORT BY CHAIRMAN ON EXPENDITURE | |
| 101 | GAZETTAL OF COMMITTEE | |
| PART XI. - SURCHARGE | [view pdf] -100kb | |
| 102 | IMPOSING OF SURCHARGE | |
| 103 | PROCEDURE FOR IMPOSITION OF A SURCHARGE | |
| 104 | ANNULMENT OF SURCHARGE | |
| 105 | APPEAL AGAINST SURCHARGE | |
| 106 | RECOVERY OF AMOUNT OF SURCHARGE | |
| PART XII. - MISCELLANEOUS | [view pdf] -110kb | |
| 107 | EX GRATIA PAYMENTS | |
| 108 | WRITING OFF | |
| 109 | WAIVER OF FEES | |
| 110 | DELEGATION | |
| 111 | LAWS OF ANOTHER COUNTRY MAY APPLY TO FINANCIAL OPERATIONS OF CERTAIN AGENTS OF THE STATE | |
| 112 | OFFENCES | |
| 113 | DISCIPLINARY ACTION | |
| 114 | TIME FOR COMMENCING PROCEEDINGS | |
| 114A | DISCIPLINING OF DEPARTMENTAL HEADS, ETC., IN CERTAIN CIRCUMSTANCES | |
| 115 | REGULATIONS | |
| 116 | DIRECTIONS AS TO MONEYS OUTSIDE THE COUNTRY | |
| 117 | FINANCIAL INSTRUCTIONS | |
| PART XIII. - REPEAL | [view pdf] -103kb | |
| 118 | REPEAL | |
| PART XIV. - TRANSITIONAL | [view pdf] -152kb | |
| 119 | INTERPRETATION | |
| 120 | REFERENCE TO CONSOLIDATED REVENUE FUND | |
| 121 | TRANSFER OF SUMS AT CREDIT OF CONSOLIDATED REVENUE FUND | |
| 122 | REFERENCE TO TRUST FUND AND TRUST ACCOUTS | |
| 123 | TRANSFER OF TRUST ACCOUNTS, ETC. | |
| 124 | FORMER INVESTMENTS | |
| 125 | UNCLAIMED TRUST FUND MONEYS | |
| 126 | FORMER WARRANTS, ETC., | |
| 127 | CONTINUANCE OF FORMER ACTS, ETC., | |
| 128 | TRANSITIONAL FINANCIAL INSTRUCTIONS, ETC., | |
| 129 | REFERENCES TO REPEALED ACT | |
| 130 | MEMBERS OF THE PUBLIC ACCOUNTS COMMITTEE | |
| 131 | SECTIONAL COMMITTEES | |
| 132 | CONTINUANCE OF EVIDENCE | |
| 133 | REPORTS | |
| SCHEDULE | [view pdf] -110kb | |