Councillors to disclose funds

Written on the 2 December 2010

SEP 2010

Gold Coast city councilors will have to disclose discretionary fund spending under new provisions handed down by Local Government Minister Desley Boyle.

City finance chief Eddy Sarroff says the new rules will encourage responsible spending by councillors who each receive $800,000 annually in discretionary funds.

“It’s a good thing, the move is justified,” says Sarroff.

“I have often argued for the reduction in council’s divisional discretionary funds and this new rule will bring about some transparency.”

Boyle meanwhile says there have been complaints about councillors in the past who have had discretionary funds as though it were ‘in their back pocket’.

“It seemed they could go to community functions and make on-the-spot decisions to hand over cheques for thousands of dollars. It seemed to some other community groups that this was unfair as councillors through their discretionary funds were able to favour some groups over others,” she says.

“There were also concerns that discretionary funds were not properly and transparently accounted for.”

An Auditor-General’s report on the matter two years ago resulted in a new framework for the use of discretionary funds and was included under section 109 of the new Local Government Act 2009 and the Local Government (Finance, Plans and Reporting) Regulation 2010 and brought in new standards of integrity for mayoral and councillor discretionary funds.

Boyle says the actual allocation of funds must comply with a council’s already adopted community grants policy.

“This will bring to an end a practice that has no doubt been enjoyed by a number of councillors around the state over these many years,” she says.

“It will bring a new and a proper transparency and accountability for this use of ratepayer funds and it will provide some confidence for community groups that they have a fair chance to share in the monies available.”


Latest News

NEW CLASS OF EDUCATION NURTURES ENTREPRENEURS OF TOMORROW

THE rise in youth unemployment has affirmed the importance of entrepreneurship education, and south-east Queenslan...

DUET GROUP SUBJECT OF $7.3 BILLION TAKEOVER OFFER

HONG Kong's Cheung Kong Infrastructure has launched a $7.3 billion cash bid for one of Australia's largest en...

G8 SHARES BUOYED BY FORECAST PROFIT RECOVERY

CHILDCARE centre operator G8 Education (ASX:GEM) has revealed it is on track to post a pre-tax profit of up to $16...

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter