Inquiry into Victoria's Public Finance Practices and Legislation

Submissions

Submissions invited

The Victorian Parliament’s Public Accounts and Estimates Committee is conducting an Inquiry into Victoria’s public finance practices and legislation and in particular will investigate:

  1. Modernisation of the Victorian public finance system based on world’s best practice;
  2. New and flexible mechanisms for financial administration and reporting that reflect the changing nature of the Victorian economy and society;
  3. Simpler and more effective ways of public financial reporting;
  4. Recent developments in democratic systems including Westminster jurisdictions on government financial and performance management reporting and related matters to the Parliament; and
  5. Possible future changes to the legislative framework for financial administration and reporting in Victoria.

The Committee invites written submissions from individuals and organisations specifically addressing any aspects of this inquiry, with the aim of enhancing:

  1. The Victorian public finance system, which includes the management of Parliamentary appropriations;
  2. Public reporting at a government level (budget papers and ex post periodic reports) and at an agency level, which includes:
    •  Financial reporting
    •  Performance reporting

  1. Parliamentary control over public finances and accountability.

The closing date for submissions is Friday, 8 August 2008. All submissions are treated as public documents, unless confidentiality is requested or the Committee exercises its discretion. Please contact the Committee secretariat on 8682 2867 or email the secretariat with any queries (email: paec@parliament.vic.gov.au). Committee requires all submissions to be signed hard copy originals, and would also appreciate receiving an electronic version in Word or PDF format, where possible. Submissions should be sent to:

The Executive Officer
Public Accounts and Estimates Committee
Parliament House
Spring Street
East Melbourne 3002

Mr Bob Stensholt MP
Chair

Reports

85

The Committee tabled its report  New Directions in Accountability (pdf, 610.18 Kb)  in Parliament on 4 June 2009.

The Committee tabled its preliminary report  New Directions in Accountability, Preliminary Report  (pdf, 501.08 Kb) in Parliament on 13 November 2008

The Committee tabled   Notification of a New Inquiry into Victoria's public finance practices and legislation  (pdf, 178.75 Kb) in Parliament on 11 June 2008.

 The Committee advertised a call for submissions in relation to the inquiry in Financial Review (19 June 2008) and The Age (21 June 2008) newspapers. The closing date for submissions was Friday, 8 August 2008. See advertisement under Submissions

Terms of Reference

The Public Accounts and Estimates Committee will inquire into Victoria’s public finance practices and legislation and in particular will investigate:

  1. Modernisation of the Victorian public finance system based on world’s best practice;
  2. New and flexible mechanisms for financial administration and reporting that reflect the changing nature of the Victorian economy and society;
  3. Simpler and more effective ways of public financial reporting;
  4. Recent developments in democratic systems including Westminster jurisdictions on government financial and performance management reporting and related matters to the Parliament; and
  5. Possible future changes to the legislative framework for financial administration and reporting in Victoria.

The Committee expects to present the findings of its investigations to Parliament by the end of 2008.