Cap. 601 Art. 4Power of Minister to make regulations.

The Minister may make regulations not inconsistent with the provisions of this Act for carrying the provisions of this Act into effect, and without prejudice to the generality of the foregoing, such regulations may provide:

(a) for the collection, receipt, custody, issue, expenditure, due accounting for, care and management of all public moneys and the guidance of all persons concerned therein;

(b) for the more effectual record, examination, inspection and check of all receipts and expenditure and the keeping of all necessary books and accounts;

(c) for the books which are to be kept and the accounts which are to be rendered for the purposes of this Act and the form in which such books and accounts are to be kept and rendered;

(d) for the procurement, purchase, safe custody, issue, sale or other disposal or writing off of works, supplies or services, public stores and other Government property, and the proper accounting for, and stock-taking of, such works, supplies or services, stores and property;

(e) for the co-funding of economic and social development programmes and initiatives from public moneys;

(f) for effecting adjustments, set-offs in and payments from any account relating to public moneys;

(g) for the preparation, codification and publication of such sets of accounting standards, methodologies, policies and procedures as may from time to time be deemed necessary or expedient for the better carrying of the provisions of this Act into effect;

(h) for the use of internet banking, debit or credit cards, and other banking facilities and services for the better management of all public moneys;

(i) for the regulation of any form of transactions that may be conducted from time to time;

(j) for the granting and receipt of donations and sponsorships;

(k) for prescribing anything required to be prescribed under this Act; and

(l) for any other matter, incidental or supplementary to any of the foregoing matters.