Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The rules may make provision for the following in relation to the Commonwealth and Commonwealth entities:
(a) ensuring or promoting the proper use and management of public resources;
(b) ensuring or promoting proper accountability for the use and management of public resources;
(d) risk oversight and management;
(e) managing appropriations;
(f) reporting periods;
(g) performance;
(h) for a Commonwealth entity that has ceased to exist or whose functions have been transferred to another Commonwealth entity:
(i) the preparation and giving of a report for the entity; and
(ii) the preparation, auditing and giving of financial statements and performance statements for the entity.
(2) The rules may prescribe that a contravention of the finance law by an official of a Commonwealth entity does not affect the validity of any act, transaction, agreement, instrument, resolution or other thing.