The Financial Administration Bookcase (FAB) (updated 28 May 2024) comprises:
- Financial Legislation
- Treasurer’s Instructions
- Model Annual Reports
- Accounting Policy Guidelines
- Treasurer’s Circulars
- Financial Management (Net Appropriations) Determination 2022
- Opportunity Cost of Capital
The Treasurer’s Instructions (TIs) 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).
The Model Annual Reports assist agencies with the preparation of their annual financial statements.
The TIs and Model Annual Reports are reviewed periodically to ensure that they are consistent with external reporting requirements, and remain current and relevant. The FAB is published two to three times a year.
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Financial Administration Bookcase
Show moreFor the purpose of preparing an annual report for the 2024 financial year, agencies should refer to the existing Treasurer's Instructions in FAB#93.
FAB Update #94 applies for the 2025 financial year and will contain the following:
Model Annual Reports
Show moreThe Model Annual Reports are available both in Word and PDF format.
The Department of Treasury produces Model Annual Reports to guide agencies in preparing their annual reports to enhance their consistency and quality.
It is highly recommended that users of the Model Annual Reports are familiar with the contents and information contained in the Introduction and Foreword which provide important background and context to their application.
The Model Annual Reports consist of:
- Tier 1 (full disclosure requirements) Model Annual Report for annual reporting period ending 30 June
- Tier 2 (simplified disclosure requirements) Model Annual Report for annual reporting period ending 30 June
Opportunity cost of capital
Show moreIt 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 per cent.
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 Treasury’s publication Costing and Pricing Government Services.
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:
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.
