Financial Management Compliance Framework definition

Financial Management Compliance Framework means the framework implemented by the Department of Treasury and Finance on 1 July 2003, which provides a framework for the compliance of Victorian Public Service entities with the Financial Management Package. The framework can be found at www.fmkc.dtf.vic.gov.au.
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Financial Management Compliance Framework means the framework implemented by the Department of Treasury and Finance which became operational from 1 July 2003. The Framework responds to Government’s initiative of promoting responsible financial management and the reporting on the financial management obligations of Victorian Public Service entities.
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Examples of Financial Management Compliance Framework in a sentence

  • Financial Management Compliance FrameworkThe Financial Management Compliance Framework (FMCF) provides the Minister for Finance an assurance that Victorian Government entities have implemented the appropriate systems to ensure compliance with the Framework.

  • As explained earlier in this report, the Minister for Finance issued revised ministerial directions and introduced the Financial Management Compliance Framework in 2003.

  • Access to the Government’s Financial Management Knowledge Centre data base, which stores an electronic copy of the Financial Management Compliance Framework, should be made publicly accessible to allow access by persons interested in the financial management of the state.Under arrangements revised in 2004, the department’s VicFleet unit will assume responsibility for managing all the Government’s vehicles.

  • Anomalies continue to exist regarding the distribution of Special Purpose Payment grants on a per capita basis.The 2004-05 Budget provided $1.5 million for training and development to prepare public sector agencies to adopt the Australian equivalents of the International Financial Reporting Standards from 1 January 2005.The Financial Management Compliance Framework came into effect on 1 July 2003.

  • The recent implementation of Victorian Government’s Financial Management Compliance Framework together with ongoing Auditor-General scrutiny of the control will further focus entities resources towards improving their control environment towards best practice.

  • The Victorian Financial Management Compliance Framework (Appendix 2.1) requires audit committees (or Responsible Body in its absence) to assume a leading role in the governance and oversight matters of the agency.

  • Compliance • Ensure Financial Management Compliance Framework (FMCF) certification annually.

  • Appropriate practice will be implemented and maintained to ensure efficient and accountable financial management.To ensure appropriate practice, the VEWH will comply with requirements under the Financial Management Act 1994, the Standing Directions of the Minister for Finance 2016 under theFinancial Management Act 1994, and the Department of Treasury and Finance’s Financial Management Compliance Framework.

  • We still need to look at is there a way to encourage all the Tim Horton’s and Second Cups that are in the downtown area—what do they need to make their toilets more publically accessible.

  • The Eye and Ear complies to this policy in all relevant business activities ComplianceThe Eye and Ear has complied with the Tax Compliance Framework Certification and Financial Management Compliance Framework Certification in accordance with the requirements of the Victorian Public Sector Financial Management Compliance Framework for the year ended 30 June 2013.

Related to Financial Management Compliance Framework

  • Financial Management Manual means the manual dated June 2009, adopted by the Project Implementing Entity for the purpose of implementing and monitoring the financial management aspects of the Project.

  • Environmental and Social Management Framework or “ESMF” means the framework included in the EA setting out modalities to be followed in assessing the potential adverse environmental and social impact associated with activities to be implemented under the Project, and the measures to be taken to offset, reduce, or mitigate such adverse impact.

  • Environmental Management Framework or “EMF” means the policy framework for environmental management, approved by the Project Implementing Entity’s Board of Directors on July 21, 2009, which sets forth the environmental policies and procedures that shall apply to the carrying out of the Project.

  • Sustainability Structuring Agent means PNC Capital Markets LLC.

  • UCITS management company means a management company as defined in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)1;

  • Financial Crime Risk Management Activity means any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of Financial Crime that the Bank or members of the HSBC Group may take.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Environmental and Social Management Plan or “ESMP” means a site-specific environmental and social management plan to be prepared in accordance with the parameters laid down in the ESMF and acceptable to the Association, setting forth a set of mitigation, monitoring, and institutional measures to be taken during the implementation and operation of the Project activities to eliminate adverse environmental and social impacts, offset them, or reduce them to acceptable levels, and including the actions needed to implement these measures.

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Appraisal management company means, in connection with valuing properties collateralizing mortgage loans or mortgages incorporated into a securitization, any external third party that oversees a network or panel of more than fifteen certified or licensed appraisers in this state or twenty-five or more nationally within a given year, that is authorized either by a creditor of a consumer credit transaction secured by a consumer's principal dwelling or by an underwriter or other principal in the secondary mortgage markets that engages in appraisal management services.

  • Project Management Report means each report prepared in accordance with Section 4.02 of this Agreement;

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Independent educational evaluation means an evaluation conducted by a qualified examiner who is not employed by the public agency responsible for the education of the child in question.

  • Compliance Plan means the compliance obligations, program, and procedures described in this Consent Decree at paragraph 13.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Targeted case management means services that assist a beneficiary to access needed 2 medical, educational, social, prevocational, vocational, rehabilitative, or other community services. The 3 service activities may include, but are not limited to, communication, coordination and referral;

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services.

  • Radiopharmaceutical quality assurance means, but is not limited to, the performance of appropriate chemical, biological, and physical tests on potential radiopharmaceuticals and the interpretation of the resulting data to determine their suitability for use in humans and animals, including internal test assessment, authentication of product history, and the keeping of proper records.

  • Compliance Program means the program established by CNYCC to prevent, detect, and address compliance issues that arise with respect to PPS operations, projects or activities.

  • Project Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.2 of Exhibit B to the ITP.

  • Operational Manual means the manual referred to in Section 3.03 of this Agreement;

  • Environmental Management System means an environmental management system or plan of management to address all environmental risks and to ensure compliance with all Environmental Laws and licences;

  • Procurement Management means the Director of Lee County’s Procurement Management Department or designee.

  • Project Operational Manual means the Project Operational Manual, to be adopted in accordance with Section 6.01 (a) of this Agreement, giving details of guidelines and procedures agreed with the Association for the implementation, supervision, and monitoring and evaluation, of the Project, and the procurement procedures and guidelines for Sub-Projects, as same may be amended from time to time in agreement with the Association, and such term includes any schedules to the Project Operational Manual;