Financial Accountability Act 2009Financial Accountability Regulation 2019Part 1Preliminary1Short titleThis regulation may be cited as the Financial Accountability Regulation 2019.2CommencementThis regulation commences on 1 September 2019.Part 2Accountable officers3Accountable officers for particular entities—Act, s 65For section 65(3) of the Act, a person mentioned in schedule 1, column 1 is the accountable officer for the entity mentioned opposite the person in schedule 1, column 2.Part 3Nomination as chief finance officer or head of internal audit4Appropriate qualifications for nomination to be chief finance officer—Act, s 77For section 77(5) of the Act, definition appropriately qualified, the qualifications prescribed are—

(a)a qualification as—

(i)a certified practising accountant conferred by CPA Australia Ltd ACN 008 392 452; or

(ii)a chartered accountant conferred by Chartered Accountants Australia and New Zealand ARBN 084 642 571; or

(iii)a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the letters ‘MIPA’ or ‘FIPA’; or

(b)a qualification from an overseas accounting body that is recognised by at least 2 of the entities mentioned in paragraph (a) as equivalent to a qualification mentioned in that paragraph.

5Appropriate qualifications for nomination to be head of internal audit—Act, s 78For section 78(3) of the Act, definition appropriately qualified, the qualifications prescribed are—

(a)a qualification as a professional member of the Institute of Internal Auditors Australia ACN 001 797 557; or

(b)a qualification as—

(i)a certified practising accountant conferred by CPA Australia Ltd ACN 008 392 452; or

(ii)a chartered accountant conferred by Chartered Accountants Australia and New Zealand ARBN 084 642 571; or

(iii)a member of the Institute of Public Accountants Ltd ACN 004 130 643 who is entitled to use the letters ‘MIPA’ or ‘FIPA’; or

(c)a qualification from an overseas accounting body that is recognised by at least 2 of the entities mentioned in paragraph (a) or (b) as equivalent to a qualification mentioned in those paragraphs.

Part 4Repeal6RepealThe Financial Accountability Regulation 2009, SL No. 81 is repealed.Schedule 1Accountable officers for particular entitiessection 3Column 1Column 2Accountable officerEntityThe Queensland Auditor-GeneralQueensland Audit OfficeThe electoral commissionerElectoral Commission of QueenslandThe ombudsmanOffice of the OmbudsmanThe Public Trustee of QueenslandPublic Trust OfficeThe chairperson of the Board of Management of the Public Safety Business AgencyPublic Safety Business Agency