A wide array of people are involved in managing and using public resources, such as the staff of government entities, third parties undertaking work on behalf of the government, and ministers and their staff. The financial framework imposes obligations on all people using public resources. Individuals are more likely to comply when they properly understand their responsibilities and the reasons for them.
There is scope to revise and simplify a range of obligations and requirements under the financial framework to create further consistency across Commonwealth entities and reduce the compliance burden on users. Any reform of the financial framework should be supported by an assessment of which obligations contribute to better resource management and performance in the pursuit of government policies and clearly demonstrate that the benefits would outweigh the costs.
Do you understand your obligations under the financial framework?
Should obligations be consistent across FMA and CAC entities?