Media Release

76/2009
12 November 2009

Performance Audit of Money Management Service Strategies

Minister for Finance and Deregulation, Lindsay Tanner, announced the publication of a new performance audit report completed by the Office of Evaluation and Audit (Indigenous Programs) in the Department of Finance and Deregulation.

The audit examined the Family Income Management (FIM) and MoneyBusiness programs implemented by the Department of Families, Housing, Community Services and Indigenous Affairs (FahCSIA) under its Money Management Service Strategies (MMS).

OEA concluded that the Family Income Management (FIM) and MoneyBusiness programs are supporting Indigenous people to improve their money management skills, although it is difficult to conclusively measure the outcomes of the programs due to limitations of FaHCSIA’s performance frameworks and the qualitative nature of outcomes data.

OEA identified that FaHCSIA’s risk and grants management processes could be improved and that service providers’ information security and financial controls could be strengthened.

FaHCSIA advised that it generally agreed with the findings and recommendations of the report and advised that it has taken significant steps to strengthen its management of FIM and MoneyBusiness.

The full report is available at www.finance.gov.au/oea/publications-and-reports.html

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