1. Completing the Amendment of Government Treasury Act

The Government Treasury Act was promulgated by the national government in 1938; it was to be in line with the financial regulations including the said Act, the Budget Act, Accounting Act, Financial Statement Act, and Audit Act to set clear rules for regulating the government treasury. They are the foundations of the current government treasury system. Since the promulgation of Government Treasury Act, there were only amendments in 1946 and 2002, respectively, with one article amended each time, and the rest was intact. Some articles were out-of-date and became inapplicable. After the downsizing of the province, the treasury laws regulated by the Taiwan Province Government were abolished; hence, the county (city) governments requested a more general and consistent laws for government treasury to be followed.

In order to strengthen the public treasury system of the central and local governments, and to meet the needs of local government for treasury management, the MOF reviewed the entire Government Treasury Act and sent the amendments to the 5th, 6th, and 7th-terms of the Legislative Yuan for review. The third-reading procedure was completed on April 14, 2009. The amendment was promulgated on May 6, 2009 by President's order.

2. Completing Three Regulations for Authorization by the Government Treasury Act

(1) Selection Regulations for Agent Bank of Local Government Treasury
(a) The Regulations were promulgated under decree number Tai-Tsai-Ku-Tze 09803527510 on December 11, 2009.
(b) Articles 3, 10 and 11 of the Regulations were amended under decree number Tai-Tsai-Ku-Tze 10003509840 on May 10, 2011.
(c)Article 5 of the Regulations was amended under decree number Tai-Tsai-Ku-Tze 10103669800 on June 25, 2012.

(2)Regulations for the Payment of the Tax Revenue Collected by the Commissioned Bank, Agency Institute, and Tax Collections Institute of Government Treasury at Each Level
(a)The Regulations were promulgated under decree number Tai-Tsai-Ku-Tze 09803528290 on December 24, 2009.
(b)The Regulations were amended under decree number Tai-Tsai-Ku-Tze 09903512630 on June 18, 2010 for the new system of “Cash and Information Flow Operations for Taxes Collected by Financial Institutions”.
(c)Articles 3, 6, 9, 11, 12 and 17 of the Regulations were amended under decree number Tai-Tsai-Ku-Tze 10103693070 on August 17, 2012.

(3)Regulations on the Management of the Central Government Agency Account
(a) The Regulations were promulgated under decree number Tai-Tsai-Ku-Tze 09803529080 on December 31, 2009.
(b) Article 5 of the Regulations was amended under decree number Tai-Tsai-Ku-Tze 10103687780 on August 3, 2012.

3. Abolished the “Regulations for the Funds to be Deposited or Remitted by the Central Government Agencies and Government-Owned Enterprises” and the “Regulations Governing the Funds of the Special Central Government Agency Account to be Collected or Disbursed”.

The Ministry promulgated the “Regulations on the Management of the Central Government Agency Account” on December 31, 2009. Pursuant to Paragraph 4, Article 21 of the Central Regulation Standard Act, a regulation shall be replaced where the same object has been stipulated by a new regulation and this new regulation has been issued and become effective. The Executive Yuan thus made an announcement to abolish the “Regulations for the Funds to be Deposited or Remitted by the Central Government Agencies and Government-Owned Enterprises” and the “Regulations Governing the Funds of the Special Central Government Agency Account to be Collected or Disbursed” on March 31, 2010.

4. Promulgating the public treasury regulations ,shown as follows：

(1) The “Guidelines for Tax Remittance by Public Treasuries and Tax Administration Offices in the Republic of China” was suspended on January 4, 2010.

(2) The “Major Implementation Provisions on the Submission to the National Treasury of National Tax Paid to Ministry of Finance’s District National Tax Administrations” was suspended on July 1, 2010.

(3) The “Guidelines for Select Agent Bank of Local Government Treasury” was promulgated,on November 22, 2010,and shall be suspended from January 1,2011.