Financial Management Act 1996

A proposed budget presented to the Legislative Assembly under section 10 (c) for a territory-owned corporation for a financial year must include—

the financial statements required under the financial management guidelines; and

for a prescribed territory‑owned corporation—a statement that sets out—

the outputs and classes of outputs it is proposed that the territory‑owned corporation should provide during the year; and

the performance criteria to be met by the territory‑owned corporation in providing the outputs; and

for each output and class of output mentioned in subparagraph (i)—

the proposed budget expense and proposed appropriation for the financial year; and

the estimated expense and appropriation for the previous financial year; and

for a territory-owned corporation that, during the year, is to be given a capital injection that must be repaid—a statement that—

states that the capital injection is an injection that must be repaid; and

sets out the conditions under which the injection is to be given, including the requirements about the time within which it must be repaid.

A proposed budget must be in a form that facilitates a comparison between—

the proposed budget for the territory-owned corporation; and

the budget for the territory-owned corporation for the previous financial year; and

the estimated results for the territory-owned corporation for the previous financial year.

A proposed budget must also include, for the financial statements mentioned in subsection (1) (a), budget estimates for each of the next 3 financial years.