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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).

Gifts or benefits accepted by a public service employee remain the property of the agency unless the accountable officer for the agency determines it is appropriate for the recipient to retain the gift or benefit. Employees must declare given or received gifts and benefits and the agency must ensure that reportable gifts or benefits have been declared and published online within reportable timeframes.

The Under Treasurer’s Register shows gifts and benefits valued at more than $150 that have been given and received by Queensland Treasury and agency employees in a financial year. Items of cultural significance have been reported regardless of their value. The register is updated each quarter.

A statutory body should adopt a proactive approach in monitoring the appropriateness of its systems, operations and overall financial position and performance. In practical terms, the responsibility for monitoring the efficient, effective and economical financial and performance management of a statutory body will rest with a Board (or equivalent governing body).

The purpose of this guide is to provide an overview of some of the legislation, policies and guidance documents that may apply to the operation of Queensland statutory bodies. Please note that this is not an exhaustive list and agencies will need to consider the requirements of all applicable legislation and policies.