WA Financial Management Act 2006

Western Australia's fiscal transparency framework rests on the Financial Management Act 2006 (No. 77 of 2006) and the Auditor General Act 2006 (No. 79 of 2006), both confirmed accessible on the WA legislation website. The FMA 2006 replaced the Financial Administration and Audit Act 1985, modernising the framework with accountable authority obligations, Treasurer's Instructions, and a comprehensive accruals-based financial management regime. The Auditor General Act 2006 establishes the Auditor General of Western Australia as fully independent (appointed by Governor on recommendation, 10-year term). WA's Auditor General's Office is among Australia's most active, publishing significant performance audit reports and special inquiries. The FMA 2006 ss 43-48 include a surcharge mechanism — a distinctive enforcement provision allowing the Treasurer to surcharge officers who incur unauthorised expenditure. WA has the most resource-dependent economy of any Australian state (iron ore royalties represent c. 30-40% of state own-source revenue), requiring particular scrutiny of royalty income and infrastructure investment decisions that the WA Auditor General monitors. WA has NO standalone Parliamentary Budget Office or IFI. Currency: AUD; fiscal year: 1 July-30 June. Source: legislation.wa.gov.au confirmed accessible (HTTP 200) for FMA 2006 (main_mrtitle_333) and Auditor General Act 2006 (main_mrtitle_63).

Transparency Requirements