Definitions
3 Definitions
In this Act:
administered assets and liabilities item means an amount set out in Schedule 2 in relation to a non‑corporate entity opposite the heading “Administered Assets and Liabilities”.
administered item means an amount set out in Schedule 2 opposite an outcome for a non‑corporate entity under the heading “New Administered Outcomes”.
corporate entity means:
a corporate Commonwealth entity within the meaning of the Public Governance, Performance and Accountability Act 2013; or
a Commonwealth company within the meaning of that Act.
corporate entity item means the amount set out in Schedule 2 in relation to a corporate entity under the heading “Non‑operating”.
current year means the financial year ending on 30 June 2026.
expenditure means payments for expenses, acquiring assets, making loans or paying liabilities.
Finance Minister means the Minister administering this Act.
item means any of the following:
a State, ACT, NT and local government item;
an administered item;
an administered assets and liabilities item;
an other departmental item;
a corporate entity item.
non‑corporate entity means:
a non‑corporate Commonwealth entity within the meaning of the Public Governance, Performance and Accountability Act 2013; or
the High Court.
other departmental item means an amount set out in Schedule 2 in relation to a non‑corporate entity opposite the heading “Equity Injections”.
Portfolio Budget Statements means the Portfolio Budget Statements 2025-26.
portfolio statements means the Portfolio Budget Statements.
special account has the same meaning as in the Public Governance, Performance and Accountability Act 2013.
State, ACT, NT and local government item means an amount set out in Schedule 2 opposite an outcome for a non‑corporate entity under the heading “Payments to States, ACT, NT and local government”.
This Act’s bill:Explanatory memorandumSecond reading speech
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