Government Financial Responsibility Act 2000

The Treasurer is to release within the prescribed period —

an Annual Report on State Finances for each budget year; and

an opinion of the Auditor General prepared and signed under section 14B(1) in relation to the Annual Report on State Finances.

In subsection (1) —

90 days after the end of the financial year; or

the period after the end of the financial year prescribed by the regulations,

An Annual Report on State Finances must —

be prepared in accordance with external reporting standards;

include the financial result for the budget year;

include an explanation of the factors and considerations that contributed to any material differences between the financial result and the financial projections;

include an explanation of the factors and considerations that contributed to any material differences between the financial result and the Government’s medium‑term targets applying at the beginning of the budget year; and

include payments made under the Financial Management Act 2006 section 27(1) or (2) in the budget year; and

include any other matter described in the regulations.

An Annual Report on State Finances is to be certified in the manner prescribed by the regulations.