The 2016 Directions require better financial management by agencies. New requirements include stronger accountability for agency boards, Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs), controls against fraud and corruption, better planning, and public attestation in agencies’ reports. Existing requirements have been streamlined, clarified and tailored to a range of different agencies. The 2016 Directions will drive a significant modernisation of the State’s financial management regime and operations.
The 2016 Directions commenced on 1 July 2016.
Instructions are issued by DTF and are mandatory. The Instructions provide more detailed mandatory requirements, in specific areas of risk and are linked to specific Directions through corresponding numbering.
Guidance is issued by DTF and is non-mandatory. The Guidance provides supporting information in relation to the interpretation and implementation of the Directions and Instructions. The Guidance is linked to specific Directions through corresponding numbering.
Standing Directions fact sheet
The fact sheet provides a summary of the 2016 Directions, changes from the 2003 Directions and information on implementation, transitional arrangements and exemptions.
Find out if your agency is subject to the Standing Directions
This fact sheet helps you determine if your agency is subject to the Standing Directions.
Compliance attestation checklist 2017-18
The Compliance Attestation Checklist 2017-18 is designed to be used by Agencies to assist with monitoring, reporting on and attesting to compliance with the Directions. The document includes a checklist of the mandatory requirements in the Directions and the supporting Instructions.
Download a checklist to help you comply with the Standing Directions.
Agency Compliance Report template 2017-18
The Agency Compliance Report template 2017-18 has been developed for use by Agencies reporting annual compliance outcomes against the Standing Directions and Instructions to their Portfolio Department.
Agency significant or systemic fraud, corruption and other losses report template
The Agency Significant or Systemic Fraud, Corruption and Other Losses Report template has been developed for use by Agencies when reporting significant or systemic Fraud, Corruption and Other Losses in accordance with Direction 3.5.3 of the 2016 Standing Directions of the Minister for Finance and Instructions 3.5 and 3.6.
CFO responsibilities fact sheet
Chief financial officers (CFOs) of Victorian Government departments and agencies have specific responsibilities under the Standing Directions.
Data integrity manual
Transitional arrangements from Directions 2003 to Directions 2016
|2015-16 compliance year||2016-17 compliance year||2017-18 compliance year|
|Directions 2003||All Directions applicable||n/a||n/a|
|Directions 2016||n/a||All Directions applicable, subject to transitional arrangements under 2016 Direction 1.4.||All Directions applicable, subject to transitional arrangements under 2016 Direction 1.4.|
|Compliance reporting/internal attestation||2005 Financial Management Compliance Framework||Compliance reporting as required under 2016 Instruction 5.1, including trial attestation.||Compliance reporting as required under 2016 Instruction 5.1.|
|Public attestation in Annual Report||2003 Direction 4.5.5 Risk management framework and processes||2016 Direction 3.7.1 Risk management framework and processes*||Attestation in relation to all applicable Directions and Instructions under 2016 Direction 5.1.4.|
Current Whole of Victorian Government Financial Management Compliance Report
The report provides an overview of whole of Victorian Government financial management compliance.
Any questions related to the 2016 Directions please email firstname.lastname@example.org.
The following policies are referred to in the 2016 Directions: