This circular has been superseded by CO (15) 5: Investment Management and Asset Performance in the State Services. This circular is still available on request from the Cabinet Office if required. Please cite its reference number CO (10) 2.
This Circular updates and replaces Cabinet Office Circular CO (98) 15, “Financial Veto Procedure” 15 October 1998. It provides an outline of the Crown financial veto procedure contained in Standing Orders 326 to 330 of the House of Representatives, and advice on the administrative arrangements within government to support the veto power and on the responsibilities of Ministers, Ministers’ offices and departments under those arrangements.
This circular sets out guidance on: the procedures that should be followed when a Minister decides to intervene under the RMA; the points at which the Minister should involve Cabinet; how to ensure proper interdepartmental consultation and co-ordination.