Public Finance Management Act [Chapter 22:19] as amended as at 28 October 2016 (iii) manage available working capital efficiently and economically; (c) is responsible for the management, including the safeguarding of the assets and revenue and expenditure and liabilities of the public entity; (d) shall comply with any tax, levy, duty, pension and audit commitments imposed by any enactment; (e) shall take effective and appropriate disciplinary steps against any employee of the public entity who— (i) contravenes or fails to comply with a provision of this Act applicable to such entity; (ii) commits an act which undermines the financial management and internal control system of the public entity; or (iii) incurs or permits irregular expenditure or fruitless and wasteful expenditure; (f) is responsible for the submission by the public entity of all financial statements, reports, returns, notices and other information to the National Assembly, the appropriate Minister or the Treasury, as may be required by this Act or the enactment relating to the public entity; (g) shall comply, and ensure compliance by the public entity, with the provisions of this Act and any other enactment applicable to the public entity. (2) If an accounting authority is unable to comply with any of the responsibilities of an accounting authority under this Part, the accounting authority shall promptly report the inability, together with the reasons therefor, to the appropriate Minister and the Treasury. 45 Responsibilities of employees of public entities An employee of a public entity shall to the extent that it is competent for the employee to do so— (a) ensure that the system of financial management and internal control established for that public entity is implemented; (b) be responsible for the effective, efficient, economical and transparent use of the financial and other resources of the public entity; (c) take effective and appropriate steps to prevent any irregular expenditure and fruitless and wasteful expenditure and any under-collection of revenue due; (d) comply with those provisions of this Act applicable to the public entity; (e) be responsible for the management, including the safeguarding, of the assets of the public entity and the management of its liabilities. 46 Plans and projections by public entities19 The accounting authority for every public entity shall submit to the accounting officer of the appropriate Ministry and to the Accountant-General, at least sixty days (or such greater period agreed by the appropriate Ministry with the Accountant-General) before the start of its financial year— 19 Section 46 as substituted by Act 6/2016 with effect from 28th October 2016. - 30 -