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The purpose of the Cross-Agency Funding Framework (the Framework) is to outline the options available to Government and departments to fund cross-agency initiatives. Specifically, the Framework provides alternative models for how funding can be distributed to agencies, i.e. how best to get funding from the centralised Consolidated Fund out to departments (who then distribute funds to other entities where required). The models can be applied whether an initiative is funded from internal sources, from a reprioritisation of existing funding, or by new funding. Several agencies already utilise the Framework’s models, albeit on an informal basis.

The Framework provides for three broad types of funding models:

• Lead agency funding
• Multi-agency funding (simple), and
• Multi-agency funding (complex).

The funding approach adopted will depend upon the complexity surrounding the initiative, particularly the number of agencies involved.

The Financial Accountability Handbook (the Handbook) has been designed to assist accountable officers and statutory bodies discharge their obligations under the Financial Accountability Act 2009 (the Act), the Financial and Performance Management Standard 2019 (the Standard), and the Financial Accountability Regulation 2019 (the Regulation).

The Overview of Queensland’s Financial Accountability Framework has been prepared to provide information to all interested stakeholders about the financial accountability framework in Queensland, as it applies to departments and statutory bodies. It outlines processes and legislative requirements with respect to the annual State Budget and financial reporting by the whole of Government and individual departments and statutory bodies.