New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 4.2

4.2 Core content of Budget Papers

(1) The Budget Papers are to be presented on a basis that covers the General Government Sector.

(2) The budget aggregates relating to the General Government Sector are to be for a 6-year period comprising the annual reporting period for the NSW Government to which the Budget relates, the 2 prior years and the 3 forward years and include the following financial statements--

(a) a statement of financial position for the General Government Sector,

(b) an operating statement for the General Government Sector,

(c) a cash flow statement for the General Government Sector.

(3) The budget aggregates are to be--

(a) prepared in a way that is consistent with the Australian Accounting Standards for the annual reporting period for the NSW Government to which the Budget relates for the General Government Sector, and

(b) presented in a format that is consistent with the Australian Accounting Standards.

(3A) Subsection (3)(a) does not apply in relation to the budget aggregates for the 2 prior years.

(4) It is not necessary for the Budget Papers to be presented so as to include notes within the meaning of the Australian Accounting Standards.