The Queensland Finance and Administration Committee: Overseeing Fiscal Governance

The Queensland Finance and Administration Committee (FAC) plays a crucial role in the parliamentary oversight of the state’s financial management and administrative practices. As a powerful standing committee of the Queensland Legislative Assembly, it scrutinizes government spending, monitors the efficiency and effectiveness of public sector entities, and ensures accountability to the Queensland public.

Established under the Parliament of Queensland Act, the FAC’s primary function is to examine the financial and administrative operations of the Queensland government. This broad mandate empowers it to investigate virtually any aspect of government activity relating to finance and administration. Its core responsibilities include:

• Budget Scrutiny: The committee meticulously examines the State Budget, probing government departments and agencies on their spending plans, revenue projections, and performance targets. This process often involves public hearings where ministers and senior public servants are questioned about budget priorities and resource allocation.
• Financial Accountability: The FAC reviews the annual reports of government departments, statutory bodies, and government-owned corporations. It assesses whether these entities have operated in accordance with relevant legislation, financial regulations, and government policies. Any instances of financial mismanagement, waste, or impropriety are thoroughly investigated.
• Public Sector Efficiency: The committee is charged with promoting efficiency and effectiveness in the public sector. This involves examining government programs and services to determine whether they are achieving their objectives and delivering value for money. The FAC may recommend improvements to service delivery, resource management, and organizational structures.
• Legislative Review: The FAC reviews legislation relating to financial administration and governance. This includes examining proposed bills and regulations to ensure they are consistent with sound financial management principles and promote transparency and accountability.
• Monitoring Government Owned Corporations (GOCs): The committee monitors the performance of GOCs, holding them accountable for their financial performance and adherence to government policy. It can inquire into the operations of GOCs to ensure they are operating commercially and serving the best interests of the state.

The FAC operates independently and impartially, drawing on the expertise of its members and the resources of the Queensland Parliamentary Service. It has the power to summon witnesses, compel the production of documents, and conduct inquiries into any matter within its jurisdiction. Its findings and recommendations are typically presented in reports tabled in Parliament, which the government is required to respond to.

The composition of the FAC reflects the political makeup of the Legislative Assembly, with members drawn from both the governing party and the opposition. This ensures a balanced and comprehensive review of government activities. The committee’s work is essential for maintaining public trust in government and ensuring that taxpayers’ money is spent wisely and effectively. By holding the government to account, the FAC contributes to good governance, transparency, and improved public sector performance in Queensland.