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New Financial regulations

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  • New Financial regulations

    The Senate passed the Financial Audit and AdministrationAct on Friday with 13 amendments.

    The Government was forced to retreat with the bill when it was first debated in the Upper houseseveral weeks ago after being passed in the Lower House without any changes.

    At that time, Opposition senator Mark Golding ripped apart the bill saying several sections of it were contradictory, clumsy or simply did not make sense.

    But the Opposition senator had far fewer concerns when Government Senator Don Wehby closed the debate on the bill Friday morning.

    The Government considers the bill important because it mandates Government ministries and agencies to set up audit commission to ensure the proper use of public funds.

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    • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.
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