Exchequer and Audit - auditorgeneral.gov.tt

1 Exchequer AND Audit ACTCHAPTER 69 1/2009 LAWS OF trinidad AND TOBAGOAct20 of 1959 Amended by176/1961*52/1962 8/196297/196325 of 196418 of 19667/1978179/19783/19794/19795/1979185/ 1979152/1982 Current Authorised PagesPagesAuthorised(inclusive) by *Before Independence After Independence18/198490/198918 of 199823 of 1998195/2000217/2000198/200195/2003280/2 004329/200413/2005235/2005302/2006 MINISTRY OF LEGAL VERSION UPDATED TO DECEMBER 31ST 2009 Index of Subsidiary LegislationPageContingencies Fund Increase Resolution (GN 136/1979).

2 27 Financial Regulations (GN 118/1965)..28 Delegation of Powers ( Exchequer and Audit ) Order (LN 80/1988)..68 Note on AdaptationUnder paragraph 6 of the Second Schedule to the Law Revision Act (Ch. 3:03) theCommission amended certain references to public officers in this Chapter. The Minister sapproval of the amendments was signified by LN 120/1980, but no marginal reference ismade to this Notice where any such amendment is made in the on section 37 of the ActSection 26 of Act No. 18 of 1998 provides as follows: 26.

3 Notwithstanding section 37 of the Exchequer and Audit Act, funds of NALIS notimmediately required for the meeting of its obligations or the discharge of its functions maybe invested from time to time by NALIS in securities approved by the Minister of Finance..Note on section 43 of the ActBy section 17 of Finance Act 2005 (Act No. 21 of 2005) all moneys credited and all chargesand liabilities under the Dollar for Dollar Fund which was repealed by LN 235/2003 havebeen transferred to the Government Assistance for Tuition Expenses OF trinidad AND TOBAGO2 Chap.

4 69:01 Exchequer and Audit MINISTRY OF LEGAL VERSION UPDATED TO DECEMBER 31ST 2009 LAWS OF trinidad AND 1/2009 Exchequer and Audit Chap. 69:013 CHAPTER 69:01 Exchequer AND Audit ACTARRANGEMENT OF SECTIONSSECTIONPA RT IPRELIMINARY1. Short IICONTROL AND MANAGEMENT OF PUBLIC FINANCES3. Management of the Public Powers of the Control of Expenditure and Bank IIIDUTIES AND POWERS OF THE AUDITOR GENERAL7. Restriction on Auditor Tenure of Office of Auditor Examination by Auditor Powers of the Auditor and delegation of functions of the Auditor IVCOLLECTION, ISSUE AND PAYMENT OFPUBLIC MONEYS12.

5 Exchequer to Establishment of Contingencies Treasury Deposits. MINISTRY OF LEGAL VERSION UPDATED TO DECEMBER 31ST 2009 LAWS OF trinidad AND TOBAGO4 Chap. 69:01 Exchequer and Audit 18. Granting credits on the Exchequer Issues from the Exchequer Account to be paid into bank Overdraft on the Exchequer Issue from the Consolidated Investment of moneys in the Consolidated Erroneous RT VAUDIT OF PUBLIC ACCOUNTS AND THEPROTECTION AND RECOVERY OF PUBLIC PROPERTY24. Annual Annual Report of the Auditor of irregularities to the Surcharge by of Withdrawal of of OFTHE FINANCE OF STATUTORY BODIES31.

6 Audit of accounts of statutory Application of certain sections to statutory Capital Income and expenditure Payment of surplus funds to Consolidated Deposits to special Appointment of auditor by Annual reports and Examination of accounts of Auditor General s OF SECTIONS ContinuedSECTIONMINISTRY OF LEGAL VERSION UPDATED TO DECEMBER 31ST 2009 LAWS OF trinidad AND 1/2009 Exchequer and Audit Chap. 69:015 PART VIIGENERAL42. Duration of Appropriation Establishment of Transfer of certain accounts to the Consolidated SCHEDULE.

7 SECOND OF LEGAL VERSION UPDATED TO DECEMBER 31ST 200920 of [166/1959].Short [8/1962 97/196323 of 1998].CHAPTER 69:01 Exchequer AND Audit ACTAn Act to provide for the control and management of thepublic finances of trinidad and tobago ; for the dutiesand powers of the Auditor General; for the collection,issue and payment of public moneys; for the Audit ofpublic accounts and the protection and recovery ofpublic property; for the control of the powers ofstatutory bodies; and for matters connected therewith.

8 [15 THDECEMBER1959]PART Act may be cited as the Exchequer and Audit this Act accounting officer means any person appointed by the Treasuryand charged with the duty of accounting for any service inrespect of which moneys have been appropriated by theConstitution or by Parliament, or any person to whom issuesare made from the Exchequer Account; appropriate Minister means in relation to a statutory body theMinister exercising authority under law with respect to suchstatutory body; Appropriation Act means any enactment authorising the issueof moneys from the Consolidated Fund to meet expenditureof the Government, and includes a provision of anyenactment or of the Constitution which charges expenditureon that Fund; appropriate Service Commission means whichever of theservice commissions established by the Constitution has thepower to exercise disciplinary action over a person againstwhom a surcharge under this Act is to be made, and whereLAWS OF trinidad AND TOBAGO6 Chap.

9 69:01 Exchequer and Audit MINISTRY OF LEGAL VERSION UPDATED TO DECEMBER 31ST 2009 LAWS OF trinidad AND 1/2009 Exchequer and Audit Chap. 69:017such person is no longer in the employment of the State, theCommission which last had such power; Consolidated Fund means the Consolidated Fund of the State(including the growing produce thereof); Auditor General means the person appointed as such under theConstitution; Exchequer Account means the account provided for in section 12; Joint Consolidated Fund and Joint Miscellaneous Fund meanrespectively the said Funds operated by the Crown Agents; Minister means the Minister responsible for Finance.

10 Officer means any person in the employment of the State; period of account means, in respect of the accounts referredto in section 24(1), the period of nine months ending on30th September, 1998 and thereafter the period of twelvemonths ending on 30th September in every year followingand in respect of other accounts such period of twelvemonths (or such lesser period) as may be prescribed; public moneys include (a)revenue;(b)any trust or other moneys held, whethertemporarily or otherwise, by an officer in hisofficial capacity either alone or jointly with anyother person, whether an officer or not; receiver of revenue means an officer appointed by the Treasuryfor the collection of, and for the accounting for, such itemsof revenue as the Treasury may specify.