This Act is the Public Finance Amendment Act 2020.

This Act comes into force on the day after the date of Royal assent.

This Act amends the Public Finance Act 1989 (the principal Act).

In section 1A(2)(d), replace “, departmental agencies,” with “(including departmental agencies, interdepartmental executive boards, and interdepartmental ventures),”.

In section 2(1), definition of chief executive, replace paragraphs (a) and (aa) with:

In section 2(1), definition of department, replace paragraph (a)(i) with:

In section 2(1), definition of departmental agency, replace “section 27A of the State Sector Act 1988 (see also section 27B of that Act)” with “section 5 of the Public Service Act 2020”.

In section 2(1), insert in their appropriate alphabetical order:

In section 2(1), definition of host department, replace “has the meaning given in section 27A(1) and (2) of the State Sector Act 1988” with “means the host department specified for the departmental agency in Part 2 of Schedule 2 of the Public Service Act 2020”.

In section 2(1), definition of Vote, after “1 department”, insert “(but see subsection (2))”.

After section 2(1), insert:

After section 7C(4), insert:

After section 14(1)(c), insert:

In section 15C(2)(c), replace “a departmental agency,” with “a functional chief executive,”.

In section 15C(3), replace “a departmental agency,” with “a functional chief executive,”.

In section 15D(2)(a), replace “a departmental agency,” with “a functional chief executive,”.

In section 19(1), replace “a departmental agency,” with “a functional chief executive,”.

In section 19(4), replace “departmental agency, or” with “a functional chief executive, or an”.

In section 19A(1), replace “departmental agency,” with “functional chief executive,”.

In section 26Z(1), replace “departmental agency,” with “functional chief executive,”.

In section 26Z(4), replace “departmental agency, or” with “a functional chief executive, or an”.

In section 29A(1), replace “departmental agency,” with “functional chief executive,”.

In section 29A(4), replace “departmental agency, or” with “a functional chief executive, or an”.

In the Part 4 heading, delete “and departmental agencies”.

In section 34(3), replace “any departmental agency,” with “any functional chief executive,”.

In section 34(3), replace “or departmental agency,” with “or that functional chief executive,”.

After section 34(3), insert:

Repeal section 36(2).

In section 37(1), replace “or departmental agency may” with “may”.

In section 37(1), delete “or departmental agency (as applicable)”.

In section 37(3), delete “or departmental agency”.

After section 38(5), insert:

In section 40(2)(b), replace “departmental agencies hosted by the departments” with “specified agencies for which the department is a host or relevant department (or, if the department is a specified agency, the department’s host or relevant departments)”.

After section 40(2), insert:

After section 41(3), insert:

In section 43(1), delete “, excluding operations on which any departmental agency hosted by the department is required to report under section 43A”.

After section 43(1), insert:

Replace section 43(2) with:

Repeal section 43A.

Replace section 44(1) with:

In section 44(2)(a), replace “audit date” with “specified date”.

In section 44(4), delete “or departmental agency”.

In section 44(4)(a), replace “audit date” with “specified date”.

In section 44(5), delete “or departmental agency” in each place.

In section 44(6), repeal the definition of audit date.

In section 44(6), after the definition of audit report, insert:

In section 45(2)(a), replace “departmental agency hosted by the department is required to report under section 43A” with “specified agency for which the department is a host or relevant department is required to report under this Part”.

In section 45(4), replace “departmental agencies hosted by the department” with “specified agency for which the department is a host or relevant department”.

Replace section 45(5) with:

Replace section 45AA with:

After section 45B(2), insert:

Before section 45C(1)(a), insert:

Repeal section 45C(2).

Replace section 45C(3) with:

After section 45C(3), insert:

After section 45C, insert:

In section 45D(1)(b), before “its annual report”, insert “if required to forward statements or any other information under paragraph (a),”.

Replace section 45D(1A) with:

In section 45D(2)(b), replace “departmental agency (as the case may be)” with “functional chief executive”.

After section 45E(4), insert:

Repeal section 45H(1)(b).

After section 65S(3), insert:

After section 65ZE(5), insert:

In section 75(2), replace “or departmental agency, on” with “, on”.

In section 75(2), replace “, department, or departmental agency” with “or department”.

In section 75(4) and (5), replace “, department, or departmental agency” with “or department”.

Replace section 80(1) with:

In section 80(2), delete “or departmental agency” in each place.

Repeal section 80A(3)(a)(ia).

In section 80A(4), delete “a departmental agency,”.

In section 80A(4), delete “departmental agency,”.

In section 81(1)(a), delete “, departmental agencies,”.

In section 81(1)(ac) and (ba), delete “departmental agencies,”.

In section 82(1)(a), delete “departmental agencies,”.

After section 82, insert: