ACT Notification Requirements for Treasurer and Capital Works Reserve Advances

Financial Management Amendment Bill 2025

Private Member's Bill

26 May 2025: Passed by Parliament and signed off by the governor.

This bill kicks in: TBA

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Topics

capital works financial transparency government accountability government spending public finance treasury advances

Introduced by: Ed Cocks MLA (LIB)

Links to official parliament websites

Official page: progress through parliament

Effects of this bill

If this bill passes, it means that:

The Treasurer must give the Speaker a copy of the authorisation within 5 business days of authorising a Treasurer's advance.
The Treasurer must give the Speaker a copy of the authorisation within 5 business days of authorising a capital works reserve advance.
The Speaker must give a copy of these authorisations to every member of the Legislative Assembly as soon as possible.
The Deputy Speaker or the clerk of the Legislative Assembly can act as the Speaker if the Speaker is unavailable.
A person is unavailable if they are absent from duty; this also includes if there is a vacancy in the office or they cannot perform their functions for any reason.

The Debate

What different members said when this bill was debated:

Ed Cocks LIB

“I move: That this bill be agreed to in principle. Today I introduce the Financial Management Amendment Bill 2025.”

Official source →

Chris Steel ALP

“The government will be supporting Mr Cocks’s bill today as an appropriate measure to support continuing strong accountability, open government and transparency in managing the ACT’s budget. The government is committed to providing the appropriate level of oversight of the ACT budget and the government’s financial management, and it welcomes the strengthening of this through today’s bill.”

Official source →

Jo Clay GRN

“The Greens are happy to support this bill, and we thank Mr Cocks for bringing this forward. It is a really good transparency bill. We think it is well put together. We appreciate the conversations we have had with Mr Cocks on this, and we think this takes us forward on transparency and reporting.”

Official source →

Fiona Carrick IND

“I also rise to support this bill. This is a simple step to improve transparency and accountability, and I thank Mr Cocks for bringing it forward.”

Official source →