Accountability of Grants, Investment Mandates and Use of Public Resources Amendment (End Pork Barrelling) Bill 2024

The "Accountability of Grants, Investment Mandates and Use of Public Resources Amendment (End Pork Barrelling) Bill 2024" has been introduced by the Parliament of Australia on 04/11/2024. This bill aims to provide a resource management framework for public resources, including grants administration, and strengthen oversight of investment mandates, promoting transparency and accountability in the use of public funds. The main purpose of this bill is to establish a more accountable system for managing public resources, which will have a positive impact on the industry by reducing corruption and mismanagement. Compliance considerations include adherence to the new resource management framework and investment mandate guidelines, ensuring that organizations using public funds align with these regulations.