New South Wales Consolidated Acts

GOVERNMENT SECTOR FINANCE ACT 2018 - SECT 7.3

7.3 Reporting GSF agencies and prescribed reporting exemption criteria

(1) A
"reporting GSF agency" is any GSF agency.

(2) However, a reporting GSF agency does not include any GSF agency of a kind prescribed by the regulations not to be a reporting GSF agency.

(3) The Treasurer is not to recommend the making of a regulation for the purposes of subsection (2) unless the Treasurer certifies that the Treasurer has had regard to the prescribed reporting exemption criteria in determining whether a GSF agency (or GSF agency of a kind) to which the regulation relates should be excluded from the definition of
"reporting GSF agency" .

(4) The
"prescribed reporting exemption criteria" are criteria prescribed by the regulations for use in determining--

(a) whether kinds of GSF agencies should be excluded from the definition of
"reporting GSF agency" , or

(b) whether kinds of former reporting GSF agencies should be exempted from preparing final annual GSF financial statements for the purposes of section 7.7, or

(c) whether kinds of former reporting GSF agencies should be exempted from preparing final annual reporting information for the purposes of section 7.14, or

(d) whether kinds of SDA accounts should be exempted from the operation of section 7.8.

(5) The Treasurer must consult the Auditor-General in accordance with section 3.5 about any proposed provisions in the regulations or Treasurer's directions for the purposes of this section.