Comment Sought on Reform to Finance Legislation
Source: Victoria. Minister for Finance. Media Release
"The Brumby Government has released a discussion paper to review the public finance legislation framework in Victoria. Finance Minister Tim Holding said the review would ensure best practice public financial management continues in Victoria. “Victoria has an outstanding reputation for financial reporting and has an A+ rating for financial transparency from Access Economics making. This is the highest rating of any Australian State or Territory,” Mr Holding said. This review of our public finance legislation and practices represents an important opportunity for Victoria to continue to lead in this area and introduce a more cohesive legislative framework for public finance.”