Public resources, relevant money and relevant property The PGPA Act (and the finance law more generally) is aimed at promoting the proper use and management of public resources. Section 8 of the PGPA Act has the following definitions: means relevant money, relevant property, or appropriations. public resources means: relevant money (a) money standing to the credit of any bank account of the Commonwealth or a corporate Commonwealth entity; or (b) that is held by the Commonwealth or a corporate Commonwealth entity. means: relevant property (a) property than relevant money) that is owned or held by the Commonwealth or a corporate Commonwealth entity; or (b) any other thing prescribed by the rules. It is important to recognise that the concept of does not match the relevant money concept of the Consolidated Revenue Fund. Because includes money in the relevant money bank account of a corporate Commonwealth entity, not all money that is relevant money forms part of the Consolidated Revenue Fund. On the other hand, there is a kind of money that is in the Consolidated Revenue Fund that is not relevant money. This money is called CRF money” (see section 105 of the PGPA Act). “other Application of the Public Service Act Agencies If you are creating a new statutory body, you will also need to consider the application of the PS Act to the body. The PS Act is primarily concerned with public service employment and so you will need to consider whether the PS Act should apply to some or all of the officers or employees of the new statutory body. The PS Act views Commonwealth bodies from a different perspective from the PGPA Act. The Commonwealth bodies it deals with are Section 7 of the PS Act “Agencies”. provides the meaning of (and related definitions) as follows: Agency means: Agency (a) a Department; or (b) an Executive Agency; or (c) a Statutory Agency. means a Department of State, excluding any part that is itself an Executive Department Agency or Statutory Agency. means an Executive Agency established under section 65. Executive Agency means a body or group of persons declared by a law of the Statutory Agency Commonwealth to be a Statutory Agency for the purposes of this Act. The new statutory body that you are creating should not be a Department of State or an Executive Agency (see paragraph 13).
Public resources, relevant money and relevant property The PGPA Act (and the finance law more generally) is aimed at promoting the proper use and management of public resources. Section 8 of the PGPA Act has the following definitions: public resources means relevant money, relevant property, or appropriations. relevant money means: (a) money standing to the credit of any bank account of the Commonwealth or a corporate Commonwealth entity; or (b) that is held by the Commonwealth or a corporate Commonwealth entity. relevant property means: (a) property than relevant money) that is owned or held by the Commonwealth or a corporate Commonwealth entity; or (b) any other thing prescribed by the rules. It is important to recognise that the concept of relevant money does not match the concept of the Consolidated Revenue Fund. Because relevant money includes money in the bank account of a corporate Commonwealth entity, not all money that is relevant money forms part of the Consolidated Revenue Fund. On the other hand, there is a kind of money that is in the Consolidated Revenue Fund that is not relevant money. This money is called “other CRF money” (see section 105 of the PGPA Act). Application of the Public Service Act Agencies If you are creating a new statutory body, you will also need to consider the application of the PS Act to the body. The PS Act is primarily concerned with public service employment and so you will need to consider whether the PS Act should apply to some or all of the officers or employees of the new statutory body. The PS Act views Commonwealth bodies from a different perspective from the PGPA Act. The Commonwealth bodies it deals with are “Agencies”. Section 7 of the PS Act provides the meaning of Agency (and related definitions) as follows: Agency means: (a) a Department; or (b) an Executive Agency; or (c) a Statutory Agency. Department means a Department of State, excluding any part that is itself an Executive Agency or Statutory Agency. Executive Agency means an Executive Agency established under section 65. Statutory Agency means a body or group of persons declared by a law of the Commonwealth to be a Statutory Agency for the purposes of this Act. The new statutory body that you are creating should not be a Department of State or an Executive Agency (see paragraph 13).
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