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This is a Bill, not an Act. For current law, see the Acts databases.
New South Wales
Parliamentary Budget Officer Amendment
Bill 2018
Contents
Page
1 Name of Act 2
2 Commencement 2
Schedule 1 Amendment of Parliamentary Budget Officer Act 2010 No 83 3
I certify that this public bill, which originated in the Legislative Assembly, has finally passed
the Legislative Council and the Legislative Assembly of New South Wales.
Clerk of the Legislative Assembly.
Legislative Assembly,
Sydney, , 2018
New South Wales
Parliamentary Budget Officer Amendment
Bill 2018
Act No , 2018
An Act to amend the Parliamentary Budget Officer Act 2010 with respect to election policy
costings and budget updates; and for other purposes.
I have examined this bill and find it to correspond in all respects with the bill as finally
passed by both Houses.
Assistant Speaker of the Legislative Assembly.
Parliamentary Budget Officer Amendment Bill 2018 [NSW]ï€
The Legislature of New South Wales enacts:
1 Name of Act
This Act is the Parliamentary Budget Officer Amendment Act 2018.
2 Commencement
This Act commences on the date of assent to this Act.
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Parliamentary Budget Officer Amendment Bill 2018 [NSW]ï€
Schedule 1 Amendment of Parliamentary Budget Officer Act 2010 No 83
Schedule 1 Amendment of Parliamentary Budget Officer Act
2010 No 83
[1] Section 3 Definitions
Insert in alphabetical order in section 3 (1):
pre-election budget update statement means the pre-election budget update
statement prepared under section 24.
Secretary means the Secretary of the Department of Premier and Cabinet.
[2] Section 3 (2)
Insert after section 3 (1):
(2) In this Act, a reference to the commencement of the caretaker period is a
reference to the day on which the Legislative Assembly is dissolved or expires
preceding the holding of a State general election.
[3] Section 14 Operational plan
Insert "not later than 1 month after the appointment of the Parliamentary Budget Officer"
after "Presiding Officers" in section 14 (3).
[4] Section 16 Parliamentary Budget Officer to have access to Government agencies
Omit section 16 (2). Insert instead:
(2) The head of the Government agency must respond to the request within:
(a) 10 business days, if the request is made before the commencement of
the caretaker period, or
(b) 6 business days, if the request is made on or after that commencement,
or
(c) any other period that is agreed between the head of the agency and the
Parliamentary Budget Officer.
[5] Section 16 (3A)
Insert after section 16 (3):
(3A) The Parliamentary Budget Officer may provide copies of a request under this
section, and any response to that request, to the Secretary or a member of staff
of the Department of Premier and Cabinet.
[6] Section 16 (4) and (5)
Omit section 16 (4). Insert instead:
(4) The head of a Government agency or any member of staff of a Government
agency must not disclose any information or document provided to the head or
member of staff under this section, except:
(a) to a member of staff of the agency or the head of the agency, or
(b) to the Secretary or a member of staff of the Department of Premier and
Cabinet.
(5) The Secretary or a member of staff of the Department of Premier and Cabinet
must not disclose any information or document provided to the Secretary or
member of staff under this section, except:
(a) to a member of staff of the Department or the Secretary, or
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Parliamentary Budget Officer Amendment Bill 2018 [NSW]ï€
Schedule 1 Amendment of Parliamentary Budget Officer Act 2010 No 83
(b) to an incoming Government following a State general election, if the
information or document relates to election policies of a party forming
the Government.
Maximum penalty (subsections (4) and (5)): 50 penalty units.
[7] Section 20 Withdrawal of election costing requests
Omit "provided to the parliamentary leader who made the request" from section 20 (2).
Insert instead "publicly released by the Parliamentary Budget Officer under this Act".
[8] Section 23 Budget impact statements for all costed policies
Omit section 23 (2A). Insert instead:
(2A) The budget impact statement is also to show, for the general government
sector, the impact of all the costed policies on the following financial
indicators:
(a) the sector budget results, identifying the difference between expenses
and revenues from transactions for the sectors,
(b) sector capital expenditure,
(c) sector net lending/borrowing, identifying the financing requirement for
the sectors.
(2B) If the costed policies have an impact on the public non-financial corporations
sector or the public financial corporations sector, the budget impact statement
is also to show the impact on financial indicators for that sector, as set out in
subsection (2A) (a), (b) and (c).
(2C) The budget impact statement prepared under this section is also:
(a) to show any other matters (not otherwise specified under this section)
arising from costed policies that have an impact on the current year's
State budget and on the forward estimates for the periods to which the
pre-election half-yearly budget review and the pre-election budget
update statement relate, and
(b) to reflect any changes to the current year's State budget and the forward
estimates set out in the pre-election budget update statement.
[9] Section 23 (4)
Omit the subsection. Insert instead:
(4) A parliamentary leader is, on or before the day that is the ninth last day before
the State general election is due to be held, to notify the Parliamentary Budget
Officer in writing of the leader's final list of costed policies for inclusion in the
budget impact statement.
[10] Section 24
Omit the section. Insert instead:
24 Pre-election budget update statement
(1) The Secretary of the Treasury is to publicly release, on or as soon as
reasonably practicable after the commencement of the caretaker period, a
pre-election budget update statement that updates the matters set out in the
previous half-yearly budget review issued by the Treasurer.
(2) The pre-election budget update statement is to contain, for the general
government sector, the following:
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Parliamentary Budget Officer Amendment Bill 2018 [NSW]ï€
Schedule 1 Amendment of Parliamentary Budget Officer Act 2010 No 83
(a) the revised projections for the current financial year,
(b) the revised forward estimates, for major aggregates, over 3 years,
(c) the latest economic projections for the current financial year and the
3 years for which the revised forward estimates are provided,
(d) an explanation of any significant variation in the revised projections,
forward estimates or economic projections that were contained in the
previous half-yearly budget review or budget,
(e) revised financial statements for the general government sector for the
current financial year and the 3 years for which the revised forward
estimates are provided,
(f) an update of any matter required to be included in the budget papers by
section 8 (b) of the Fiscal Responsibility Act 2012.
(3) The pre-election budget update statement is to specify the date on which it was
prepared and is to be based, as far as possible, on actual results and
Government decisions as at the commencement of the caretaker period.
(4) The pre-election budget update statement is to be:
(a) in a format that is consistent with the format of the previous half-yearly
budget review, and
(b) consistent with the statement of significant accounting policies and
forecast assumptions in that review.
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