Transactional Banking Practices in Selected Agencies

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Performance audit report

Auditor-General Report No. 41 of 2001–02

Published

Monday 15 April 2002

Portfolio

Finance

Entity

Department of Finance and Administration

Sector

Finance

New transactional banking arrangements for FMA agencies came into effect on 1 July 1999. The audit reviewed selected agencies' implementation and ongoing management of contractual banking arrangements; agencies' tendering for the procurement of banking services; and identified practises that have improved administrative arrangements. The audit examined Finance's role in planning and implementing the new arrangements as well as implementation in the Australian Customs Service (Customs) the Department of Transport and Regional Services (DTRS), the Department of Education, Science and Training (DEST), and the Department of Immigration and Multicultural and Indigenous Affairs (DIMIA).