S.L. 601.1 Art. 2Cap. 601.

In these regulations, unless the context otherwise requires -

"the Act" means the Public Finance Management Act;

"accounting system" means the accounting standards, policies and the electronic accounting software system either adopted or authorised by the Ministry responsible for Finance;

"authorised bank" means any bank which for the time being is entrusted with the keeping of public moneys as defined in the Act;

"below-the-line account" means those special funds and accounts, deposits and advances, the receipts and payments in respect whereof are not credited or debited to the Consolidated Fund;

"Permanent Secretary" means the Permanent Secretary to the Ministry responsible for Finance;

"Public Account" means the public account held by the Government of Malta with the Central Bank of Malta;

"subsidiary accounting system" means any manual or electronic system, which would be subsidiary to the accounting system and in which financial transactions of whatever nature are recorded;

"value" means the original value on date of acquisition; and

"accounting officer", "Consolidated Fund", "estimates", "financial year", "Minister", "public moneys" "revenue" and "vote" have the same meaning as is assigned to them in article 2 of the Act.

A. ACCOUNTING OFFICERS