Local Government Regulation 2012

A local government’s current-year financial sustainability statement must state each measure of financial sustainability applicable to the local government for the financial year to which the statement relates.

A local government’s long-term financial sustainability statement must state—

each measure of financial sustainability applicable to the local government for the 9 financial years following the year to which the statement relates; and

an explanation of the local government’s financial management strategy that is consistent with the long-term financial forecast.

For subsections (1) and (2)(a), a measure of financial sustainability applies to a local government for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the local government for the financial year.