The Bookcase comprises the following key components:
- Financial Legislation
- Treasurer’s instructions
- Treasurer's Guidance Handbook
- Financial Management Manual Guide
- Model Annual Reports
- Treasurer’s Determination and Directions under the Financial Management Act 2006
- Opportunity Cost of Capital.
These resources are periodically reviewed to ensure alignment with external reporting requirements and to maintain their relevance and accuracy. A summary of the changes is provided in the New in this Release section below.
If you would like to stay informed about updates to the Bookcase, you can subscribe here.
New in this update
Show moreThe Model Annual Reports have been updated and are available in both Word and PDF format.
The Treasurer’s Guidance Handbook has been updated to enhance clarity and ensure alignment with current legislative and operational requirements. While many of the revisions are editorial, several sections have been substantively amended or expanded. Key updates include corrections to legislative references, clarifications on roles and responsibilities, and procedural refinements—particularly in relation to write-off processes under the updated Financial Management Regulations 2024. Additional guidance has also been included on the treatment of once-only costs in the valuation of non-current assets, and distinctions between act of grace and ex gratia payments have been clarified.
No amendments have been made to the requirements set out in the Treasurer’s instructions. However, transitional content that is now redundant has been removed. This includes the Appendix ‘Retired Treasurer’s Instructions Mapping Guide’ that previously accompanied the Treasurer’s instructions. A comprehensive version of the mapping guide is available separately on the Financial Administration Bookcase website.
Treasurer’s instructions
Show moreThe Treasurer’s instructions address operational issues such as the custody and control of public money and public property, and general accounting and reporting requirements that must be observed by agencies that are subject to the Financial Management Act 2006 (FMA).
Financial Management Manual Guide
Show moreThe Financial Management Manual Guide is designed to assists agencies in developing and maintaining a financial management manual that is consistent with the Western Australia financial management framework.
Model Annual Reports
Show moreThe Department of Treasury and Finance provides Model Annual Reports in both Word and PDF formats to support agencies in preparing their own annual reports. These models aim to improve consistency and quality across government reporting.
We strongly recommend that users review the Introduction and Foreword sections before using the reports, as they offer essential background and guidance.
The Model Annual Reports consist of:
- Tier 1 Model Annual Report for annual reporting period ending 30 June (full disclosure requirements)
- Tier 2 Model Annual Report for annual reporting period ending 30 June (simplified disclosure requirements).
Treasurer’s Determination and Directions under the Financial Management Act 2006
Show moreThe following determination and directions are currently in effect:
- The Financial Management (Net Appropriations) Determination 2024 was made by the Treasurer under section 23(2) of the Financial Management Act 2006.
- Treasurer’s Directions under section 40(1) of the FMA regarding the preparation of draft annual estimates.
- Treasurer’s Directions under section 42(1) of the FMA regarding the preparation of draft resource agreements.
Opportunity Cost of Capital
Show moreThe opportunity cost of capital is a component of the total cost of services. It recognises that funds invested in assets to deliver government services have alternative uses; hence the term ‘opportunity cost’.
For costing purposes, the current opportunity cost of capital should be estimated using a rate of 5.6%. This rate, which is reviewed annually, is based on the State's forecasted incremental borrowing rate for the budget year, representing the savings that Government would achieve by using liquidated net assets to reduce borrowings.
Information on the application of the opportunity cost of capital is available in section 3.5 of The Department of Treasury and Finance’s publication Costing and Pricing Government Services.
Financial Management Awareness Training
Show moreThis training is now being delivered in an eLearn format and the three modules and related case studies cover how government budgets, manages and accounts for the collection and spending of taxpayer dollars.
Chief Finance Officers’ Forum
Show morePresentations from the Chief Finance Officers’ Forum.
Finance Capability Framework
Show moreThe Finance Capability Framework was developed by the Public Sector Commission (PSC) in collaboration with the Department of Treasury. The Chief Financial Officer (CFO) Reform Steering Group also provided valuable input into the development of the Framework.
You will find resources that provide a broad overview and describe the capabilities and competencies required for high level performance in a public sector finance function.
The Finance Capability Framework comprise the following resources:
The Public Sector Capability Profiles comprise the following resources:
Print this page
