Financial Administration Act (R.S.C., 1985, c. F-11)

Act current to 2013-09-16 and last amended on 2013-07-15. Previous Versions

Department of Finance

Marginal note:Department established

14. There is hereby established a department of the Government of Canada called the Department of Finance over which the Minister of Finance appointed by commission under the Great Seal shall preside.

  • R.S., c. F-10, s. 8.
Marginal note:Minister

15. The Minister holds office during pleasure and has the management and direction of the Department, the management of the Consolidated Revenue Fund and the supervision, control and direction of all matters relating to the financial affairs of Canada not by law assigned to the Treasury Board or to any other minister.

  • R.S., c. F-10, s. 9.
Marginal note:Advisory and other committees

  • 15.1 (1) The Minister may establish advisory and other committees and provide for their membership, duties, functions and operation.

  • Marginal note:Remuneration and expenses

    (2) Members of a committee may be paid for their services the remuneration and expenses that the Governor in Council may determine.

  • 2008, c. 28, s. 153.
Marginal note:Deputy head

16. The Governor in Council may appoint an officer called the Deputy Minister of Finance to hold office during pleasure and to be the deputy head of the Department.

  • R.S., c. F-10, s. 10.

PART I.1INTERNAL AUDIT AND ACCOUNTING OFFICERS

Marginal note:Audit capacity

16.1 The deputy head or chief executive officer of a department is responsible for ensuring an internal audit capacity appropriate to the needs of the department.

  • 2006, c. 9, s. 259.
Marginal note:Audit committees

16.2 Subject to and except as otherwise provided in any directives issued by the Treasury Board under paragraph 7(1)(e.2), the deputy head or chief executive officer of a department shall establish an audit committee for the department.

  • 2006, c. 9, s. 259.
Marginal note:Appointment

  • 16.21 (1) A person who does not occupy a position in the federal public administration but who meets the qualifications established by directive of the Treasury Board may be appointed to an audit committee by the Treasury Board on the recommendation of the President of the Treasury Board.

  • Marginal note:Term of office

    (2) A member of an audit committee so appointed holds office during pleasure for a term not exceeding four years, which may be renewed for a second term.

  • Marginal note:Remuneration

    (3) A member of an audit committee so appointed shall be paid the remuneration and expenses fixed by the Treasury Board.

  • 2006, c. 9, s. 259.