Report on the Financial Provisions Bill (NIA Bill 22/11-15)

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The purpose of financial provisions legislation is to deal with routine financial matters, such as minor or non-controversial amendments to governing legislation or to regularise an existing practice. The legislation is normally required at intervals of every two to three years to adjust statutory limits and handle other routine financial issues. This report sets out the Committee for Finance and Personnel's co-ordinated scrutiny of the Financial Provisions Bill. When introduced to the Assembly, the Bill comprised of nine clauses. Since introduction, however, the Minister of Finance and Personnel intends to table nine proposed amendments at Consideration Stage. To inform its deliberations on the Bill, the Committee sought the views of the applicable Assembly committees, issued a public call for evidence and received briefings from DFP officials. Arising from its scrutiny, the Committee raised a number of issues with some of the existing and proposed new clauses. Having regard to the responses from the other applicable Assembly committees and the clarification and assurances received from DFP, the Committee has agreed all the clauses of the Bill, either as drafted or subject to the proposed amendments, as applicable. While acknowledging the responsiveness of departmental officials in addressing the queries raised, the Committee recommends that steps be taken to ensure that, in future, financial provisions bills are developed as fully as possible prior to being introduced to the Assembly.

Genre: Business & Economics / Finance / General (fancy, right?)