Financial Management Act 1994

The Minister must prepare two financial policy objectives and strategies statements for each financial year.

The first financial policy objectives and strategies statement for a financial year must be—

prepared in association with the budget for that financial year;

laid before each House of the Parliament in accordance with section 27E.

The second financial policy objectives and strategies statement for a financial year must be—

prepared in association with the budget update for that financial year;

transmitted to the Parliament in accordance with section 27D.

Despite subsections (1) and (3), the Minister is not required to prepare a financial policy objectives and strategies statement referred to in subsection (3) for a financial year if a pre-election budget update prepared in accordance with Division 6 is released on or after 15 September and before 15 December in that financial year.