The key document for Commonwealth fraud control is the Commonwealth Fraud Control Guidelines. These guidelines outline the Australian Government’s requirement that government agencies put in place a comprehensive fraud control program that covers prevention, detection, investigation and reporting strategies.
The guidelines are issued under Regulation 16A of the Financial Management Accountability Regulations 1997 (FMA Regulations) and are binding on Commonwealth bodies that are subject to the Financial Management and Accountability Act 1997 (FMA Act). The guidelines are not binding on all Commonwealth bodies that are subject to the Commonwealth Authorities and Companies Act 1997 (CAC Act). For those CAC Act bodies who are not bound by the guidelines, the principles articulated under the guidelines are considered best practice.
The FMA Act and CAC Act will be replaced from 1 July 2014 by the Public Governance, Performance and Accountability Act 2013. This Act will replace all existing frameworks under the FMA and CAC Acts. More information can be found on the Public Management Reform Agenda website.
The Commonwealth Fraud Control Guidelines – Summary for Executives provides an abridged guide to the mandatory requirements and recommended practice within the guidelines. It is intended as a reference tool for chief executives and others requiring a concise summary. It is not a legislative instrument and should not be considered as a replacement for the guidelines.
Other key documents which make up Australia’s fraud control framework can be found on the Fraud Control Framework page.