VIC Removal of Warrant Requirements for Issuing Public Money

Financial Management Legislation Amendment Bill 2025

19 Aug 2025: Passed by Parliament and signed off by the governor.

This bill kicks in: TBA

Legislative Assembly

Legislative Council

Assent

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Topics

corporate governance financial management financial reporting government accountability public finance public resources

Introduced by: The Hon Jaclyn Symes MLC (ALP); Danny Pearson MP (ALP)

Links to official parliament websites

Official page: progress through parliament

Effects of this bill

If this bill passes, it means that:

Accountable officers of declared bodies must manage operations and public resources in a financially effective, economical, efficient and sustainable manner.
Boards of declared bodies must ensure their accountable officer meets these financial management obligations.
Accountable officers of departments and public bodies must report on their financial management to the Department of Treasury and Finance and their responsible department.
Accountable officers of departments and public bodies must set up effective financial controls and reporting mechanisms.
Chief finance officers of departments and public bodies are responsible to the accountable officer and the relevant Minister for assisting with financial obligations.
Boards of government statutory offices and public bodies (as defined under the Public Administration Act) must report on their own obligations to the Department of Treasury and Finance and their responsible department.
Boards of government statutory offices and public bodies (as defined under the Public Administration Act) must oversee the accountable officer to ensure financial management obligations are met.

News articles and press releases

Explainer - Victoria’s ‘dump day’ is finally headed for the scrap heap. Will it be a win for democracy?

Benita Kolovos - The Guardian — 2025-08-12

Every year, the Victorian parliament partakes of a tradition that has come to be known as “dump day” – when the government releases a flood of annual reports all at once, making it nearly impossible for journalists and other interested parties to properly scrutinise them. The opposition will, on cue, rail against the practice, ignoring the fact that dump day also existed when they were in power. But amendments put forward by the Greens, which passed Victorian parliament’s upper house on Tuesday, could finally bring an end to the practice.