NAC urged to comply with standards

Outgoing Minster for Civil Aviation, and returning member-elect for Esa’ala, Steven Davis, said this when receiving the NAC’s Annual Reports for the years 2012, 2013, 2014 and 2015.

Davies commended the board and management for the completion of the reports, saying the organisation must conform to requirements and compliance processes so that they are performing well.

IPA: Compliance promotes conducive business environment

This is the message the Investment Promotion Authority (IPA) has been promoting in provinces throughout last year and will continue on into the new year.

Under its provincial outreach program, the IPA educates both the private and public sectors on the importance of complying with business regulatory requirements and the impacts it has on the growth of businesses in the provinces

The IPA  also hosted discussion on how stakeholders can work in partnership with the IPA in delivering services to create a conducive business environment.

Comply to avoid penalties: Ngangan


This is the warning from Finance Secretary Dr Ken Ngangan, during the announcement of the revised Act in Port Moresby today.

The PFMA 2016 contains wholesale changes to the PFMA 1995 which aims to improve compliance and clearly stipulate functions and procedures dealing with public finance. 

Dr Ngangan said the revised PFMA has set clear guidelines and anyone seen to be circumventing or not complying with the stipulated regulations in the Act will be dealt with accordingly.