Proposed amendments to Local Government Financial Management Regulations
The proposed amendments to the Local Government Financial Management Regulations for valuation of assets from 2019-20 onwards are expected to be considered at the Executive Council Meeting of 3 November 2020.
We anticipate the changes will be in the Government Gazette of Friday 6 November or Tuesday 10 November 2020.
As the proposed changes impact on the 2019-20 financial statements, the Office of the Auditor General and other auditors are likely to continue the delay in issuing 2019-20 audit reports until the regulation amendments are gazetted.
Email your questions about the the proposed amendments to the department’s Local Government Advisory Hotline.