❓ Question seeks details on Treasurer's approvals for bank overdrafts by WA government agencies and departments during the 2009-2010 financial year, including instances without prior approval and reasons for overdrafts. The answer explains the reasons for overdrafts and the existence of a global overdraft facility.
AnsweredQoN 4906Legislative Assembly
QuestionView source ↗
During the 2009–2010 financial year:
(a) on how many occasions has the Treasurer approved for bank accounts to be overdrawn in accordance with sections 14 and 19(2) of the
Financial Management Act 2006
;
(b) to which agencies or departments did the use of sections 14 and 19(2) of the
Financial Management Act 2006
apply;
(c) what was the value of the overdrawn amount;
(d) what was the reason for the account to be overdrawn; and
(e) were any bank accounts overdrawn without the prior approval of the Treasurer; and
(i) if so, which agencies or departments were involved;
(ii) if so, what was the value of the overdrawn amount; and
(iii) if so, why was the account overdrawn?
(a) on how many occasions has the Treasurer approved for bank accounts to be overdrawn in accordance with sections 14 and 19(2) of the
Financial Management Act 2006
;
(b) to which agencies or departments did the use of sections 14 and 19(2) of the
Financial Management Act 2006
apply;
(c) what was the value of the overdrawn amount;
(d) what was the reason for the account to be overdrawn; and
(e) were any bank accounts overdrawn without the prior approval of the Treasurer; and
(i) if so, which agencies or departments were involved;
(ii) if so, what was the value of the overdrawn amount; and
(iii) if so, why was the account overdrawn?
AnswerView source ↗
Answered
17 May 2011
Response time
55 days
anticipated revenue not received as expected by the agencies on the day the payments were made; and underestimation of available funds in agencies' bank accounts. It should be noted that, while the above list identifies overdrafts where the agencies were not individually authorised, it is recognised that there will be occasions, given the enormous volume of transactions undertaken across the public sector, where such overdrafts will occur. Consequently there is in place a global overdraft, approved by the Treasurer, to ensure that these occurrences have legal authorisation at a whole-of-government level. Bank accounts are monitored on a daily basis by Treasury and agencies are required to promptly clear such overdrafts when they occur. Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on http://www.rtlib.com
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.