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Public Finance (Control and Audit) Act

Commencement: 29 December 1976

THE LAWS OF KIRIBATI
REVISED EDITION 1980

CHAPTER 79

PUBLIC FINANCE (CONTROL AND AUDIT)

ARRANGEMENT OF SECTIONS

Section

PART I

PRELIMINARY

1. Short title
2. Interpretation

PART II

PUBLIC FINANCE

The Consolidated Fund

3. Consolidated Fund moneys to be kept with specified banks
4. Revenues and other moneys to be paid into Consolidated Fund
5. Payments
6. Investments of moneys
7. Advances
8. Moneys issued but not spent to be repaid to the Consolidated Fund
9. Contingencies Warrants

Other Public Funds

10. Development Fund
11. Operation of the Development Fund
12. Special Funds
13. Management of Special Funds

PART III

CONTROL AND MANAGEMENT OF PUBLIC FINANCE

Control by the Minister

14. Duties of Minister
15. Duties of Chief Accountant
16. Accounting officers and accountable officers to obey regulations and directions

Control of Expenditure

17. Accounting officers
18. Disbursement of and accounting for expenditure on the Consolidated Fund services
19. Power to make regulations and give directions
20. Saving in relation to trusts

General

21. Existing investments to be part of Consolidated Fund
22. Restrictions on borrowing
23. Reallocations within Heads of Expenditure

PART IV

DEPOSITS

24. Deposits
25. Investment of deposits
26. Deposits may be used to finance advances
27. Unclaimed deposits
28. Chief Accountant to administer deposits and make refunds

PART V

POWERS AND DUTIES OF THE DIRECTOR OF AUDIT

29. Duties of Director of Audit
30. Powers of Director of Audit
31. Powers of Director of Audit not subject to direction
32. Director of Audit not to be required to undertake pre-audit or nay duties incompatible with his office
33. Staff and delegation of functions
34. Examination of accounts of expenditure
35. Defective vouchers may be admitted and allowed
36. Vouchers which are lost, destroyed or not allowed under section 31
37. Examination of accounts of receipts of revenue
38. Examination of any other accounts
39. Examination of stores accounts

PART VI

THE AUDIT AND EXAMINATION OF PUBLIC ACCOUNTS

40. Annual accounts
41. Notification of irregularities to Chief Accountant

PART VII