The Treasurer’s Directions are currently being revised and updated. The Treasurer’s Directions on issue comprise a selection of new and existing Treasurer’s Directions. Where a conflict arises within the Treasurer’s Directions, the new Treasurer’s Directions have precedence.

Table of Contents

This Table of Contents provides Agencies with guidance on the Treasurer’s Directions that are currently issued and in force.

​Framework Series ​Governance Series Budget Series
​Management of Risk Series ​Infrastructure Series ​Accounting Series
​Cash Management Series Reporting Series ​ ​Corporate Tax Series

  
Directions contained within each Treasurer's Directions Section are shown in bold and are displayed within a box. Commentary supporting and explaining each Direction is included below the Direction(s) to which it relates.

Treasurer’s Directions issued and in force are listed below.

Framework Series

This Series provides Agencies with an overview of the central concepts underpinning the Territory's financial management framework. This Series addresses topics such as: an explanation of the framework, description of the key elements, list of definitions and the legislative structure.

F1.  INTRODUCTION

F1-1 Overview

F1-2 Definitions

F2.  WORKING FOR OUTCOMES

F2-1 Overview

F2-2 Central Holding Authority

F3.  LEGISLATIVE STRUCTURE

F3-1 Overview

F3-2 Application

F3-3 Delegations

APPENDIX A:Treasurer's Delegations under the Financial Management Act

APPENDIX B: Treasurer's Delegations for Write-Offs, Losses, Waivers and Postponements

APPENDIX C: Treasurer's Delegations - Commissioner of Taxes

Existing Treasurer’s Directions

Part 1 Section 1 Introduction

Part 1 Section 2 Definitions

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Budget Series

This Series outlines the Budget development and management principles and processes, output hierarchy and performance reporting arrangements.

While the new Treasurer's Directions are being developed, Agencies should make reference to the Financial Management Act, the Financial Management Principles and applicable Treasury Circulars.  In addition, Agencies can contact their Treasury Budget or Financial Analysts for advice and assistance to confirm requirements during this interim period.

Existing Treasurer’s Directions

Part 2 Section 1 Receipts to Operating Accounts** Incorporated into C3-1 Cash Management – Transaction: Receipting and A5.3 Accounting – Income: Agency Income**

Part 4 Section 1 Budget Management

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Infrastructure Series

This series provides Agencies with requirements for the development of the Territory's Infrastructure Program, including instruction and guidance for making adjustments to the Infrastructure Program outside of the Budget development process.

I1-1 Overview of the Infrastructure Program

I1-2 Development of the Infrastructure Program

I1-3 Adjustments to the Infrastructure Program

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Accounting Series

The Accounting Series provides Agencies with instruction and guidance required for accrual accounting. This Series is divided into the accrual accounting elements: assets, liabilities, equity, income and expenses and, where applicable, makes reference to the Australian Accounting Standards.

Copies of the Australian Accounting Standards are available from the Australian Accounting Standards Board internet site (www.aasb.com.au).

​Introduction ​Equity
​​Income Assets
​Liabilities ​Expenses

A1.  INTRODUCTION

A1-1 Accrual Accounting

A1-2 Materiality

A1-3 Standard Classification Codes

A1-4 Corporate Systems

A2.  ASSETS

A2-1 Overview

A2-2 Property, Plant and Equipment

A2-3 Depreciation and Amortisation

A2-4 Revaluation

A2-5 Improvements and Repairs and Maintenance

A2-6 Cash

A2-7 Receivables

A2-8 Inventory

A2-9 Prepayments

A2-10 Impairment of Assets

A2-11 Construction (Work in progress)

A3.  LIABILITIES

A3-1 Overview

A3-2 Accounts Payable and Accrued Expenses

A3-3 Provisions

A3-4 Employee Benefits

A3-5 -

A3-6 Leases

A3-7 Contingent Liabilities

A4.  EQUITY

A4-1 Overview

A4-2 Owner Actions

A5.  INCOME

A5-1 Overview

A5-2 Territory Income

A5-3 Agency Income

A6.  EXPENSES

A6-1 Overview

A6-2 Employee Benefits

A6-3 General Expenses

A6-4 Grants and Subsidies

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Reporting Series

This Series provides instruction and guidance in relation to Agency, and Government Business Division and whole of government reporting requirements.

R2-1 Agency Financial Statements | Appendix A | Appendix B

R3-1 GBD Financial Statements

Existing Treasurer’s Directions

Part 2 Section 3 Government Financial Reporting

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Governance Series

This Series provides Agencies with instruction and guidance in relation to responsibilities and accountability for financial management.

G2-2 Internal Control

G2-5 Guarantees and Indemnities

Appendix B

Appendix C

G3.1 National Partnership Agreements, Project Agreements and Implementation Plans

Existing Treasurer’s Directions

Part 2 Section 2 Trust Money

Part 2 Section 4 Financial and Controlling Interests

Part 3 Section 1 Accountable Officers

Part 3 Section 2 Internal Audit

Part 3 Section 3 Audit Committees

Part 3 Section 4 Evaluation and Review

Part 3 Section 6 Official Travel, Telephones and Hospitality *Incorporated in A6.3 Accounting - Expenses: General Expense *

Part 3 Section 7 Accountable Forms

Part 6 Section 2 Legal and Statutory Arrangements

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Management of Risk Series

This Series provides Agencies with instruction and guidance in relation to Risk Management and will cover areas such as fraud control, asset and liability management, public/private partnerships and insurance. Currently risk management in relation to assets and liabilities is included in certain Treasurer's Directions Sections in the Accounting Series.

M 2-1 Insurance Arrangements / Appendix D: Request Form

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Cash Management Series

This Series specifically focuses on cash and the management of risks associated with cash.  It also covers areas such as collection of public money, banking arrangements and transaction management.

C1. INTRODUCTION

C1-1 Overview

C2. BANKING ARRANGEMENTS

C2-1 Central Banking Arrangements

C2-2 Bank Accounts

C3. TRANSACTION MANAGEMENT

C3-1 Receipting

C3-2 Payments

C3-3 Corporate Credit Cards

Existing Treasurer’s Directions

Part 5 Section 5 Losses

Part 5 Section 6 Advances

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Corporate Tax Series

Instruction and guidance in relation to tax obligations, including the Goods and Services Tax, Fringe Benefits Tax, Pay As You Go, fuel schemes and Tax Equivalents Regimes is located in Treasury Circulars.

 

Existing Treasurer’s Directions

Part 3 Section 8 Tax Equivalents Regimes