If the government party is subject to the Financial Management Act 1994 (the FM Act), the entity's personnel should only make financial commitments according to any financial conferrals or authorisations under the Minister for Finance's Standing Directions made under s. 8 of the FM Act. If the government party is not subject to the FM Act, the entity's personnel should only make financial commitments within their authority according to the entity's policies concerning the authorisation of expenditures. The financial conferrals or authorisations established for contract management personnel should ensure that appropriate personnel will be able to:
• authorise payment of service charges under the project deed; and
• up to appropriate limits, meet other expenses incurred in the management of the project.
The financial conferrals or authorisations relevant to a Partnerships Victoria project are usually relatively simple compared with the delegations of legal authority. Nevertheless, the contract director should ensure that the relevant financial conferrals or authorisations are recorded in a single accessible document, such as an up-to-date financial delegations register.
Payments and other expenses should be recorded and reported according to the FM Act or other requirements that may apply.