Management of the Stores Account

Question 1

What are the three types of financial delegations used within the Defence Force?

Answer 1

1. Financial Delegation.
2. Limited Delegation.
3. Project Delegation.

Question 2

What is a Financial Delegation?

Answer 2

A Financial Delegation is the Authority to incur costs and authorised expenditure of public money against approved budgets.

Question 3

What is a Limited Delegation?

Answer 3

A). Is subject to a maximum value of $1,000 (excluding GST) per requisition (a lower maximum may be set); and

B. Must not be sub delegated.

Question 4

What is a Project Delegation?

Answer 4

A project delegation grants financial delegation for a specified project. The delegation covers all expenditures relating to specific project and normally includes capital and operating expenditure.

Question 5

What forms are required to be filled out for financial delegation approval?

Answer 5

1. MD960 - Delegations Cover Sheet.
2. MD1536 - Financial Delegation.