Australian Capital Territory Numbered Acts

FINANCIAL MANAGEMENT LEGISLATION AMENDMENT ACT 2005 (NO. 52 OF 2005) - SECT 7

substitute

12     Departmental budgets

    (1)     A proposed budget for a department for a financial year presented to the Legislative Assembly under section 10 (b) must include—

        (a)     the financial statements required under the financial management guidelines; and

        (b)     a statement that sets out the outputs and classes of outputs it is proposed the department should provide during the year and the performance criteria to be met by the department in providing the outputs; and

        (c)     if, during the year, the department is to be given a capital injection that must be repaid—a statement that—

              (i)     states that the capital injection is a capital injection; and

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

    (2)     Subsection (1) (b) does not apply to the Legislative Assembly secretariat.

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

        (a)     the proposed budget for the department; and

        (b)     the budget for the department for the previous financial year; and

        (c)     the estimated results for the department for the previous financial year.

    (4)     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.