Victorian Current Acts Victorian Current Acts(1) The Parliamentary Budget Officer must, in accordance with the PBO protocols, prepare a post-election report on the policies of each parliamentary leader that were publicly announced before the date of the general election, whether or not those policies were the subject of an election policy costing request.
(2) A post-election report—
(a) must list the policies covered by the report; and
(b) must set out the impact of those policies on the forward budget estimates and key financial indicators contained in the financial report or budget update most recently released under Part 5 of the Financial Management Act 1994 by—
(i) summarising the material net financial impact of each policy on the estimates and indicators; and
(ii) specifying the material net aggregate financial impact of all the policies on the estimates and indicators; and
(c) must disclose any existing costing that is accepted and relied on as required by subsection (3)(b); and
(d) must disclose any circumstances in which the Parliamentary Budget Officer has exercised a judgement that would have a material impact on the post-election report; and
(e) may contain any other explanatory information the Parliamentary Budget Officer considers appropriate, other than any information referred to in paragraph (f); and
(f) must not include any information—
(i) referred to in section 19(2); or
(ii) contained in a document referred to in section 19(2); or
(iii) contained in a financial report or budget update that has been prepared, but not yet released, under Part 5 of the Financial Management Act 1994 ; or
(iv) that is an excerpt from information or a document that a public sector body Head advised, under section 25(4) or 26(5), is subject to Cabinet confidentiality; or
(v) that states or implies that, in preparing the post-election report, the Parliamentary Budget Officer used either an exempt document under section 28 of the Freedom of Information Act 1982 or information that, if it were in the form of a document, would be an exempt document under that provision; and
(g) must include the following information if the post-election report was prepared using financial information or economic or other assumptions contained in a financial report or budget update that has been prepared, but not yet released, under Part 5 of the Financial Management Act 1994 —
(i) a statement to that effect; and
(ii) a statement identifying the nature of that information or assumption.
(3) In preparing a post-election report, the Parliamentary Budget Officer must—
(a) use the financial information and economic and other assumptions contained in—
(i) the financial report or budget update most recently released under Part 5 of the Financial Management Act 1994 ; or
(ii) a more recent financial report or budget update that has been prepared, but not yet released, under Part 5 of the Financial Management Act 1994 ; and
(b) if an element of the policy covered in the post-election report has been costed in statements laid before each House of the Parliament under section 27E of the Financial Management Act 1994 , accept and rely on that costing.
(4) If a post-election report would not differ materially from a pre-election report publicly released under section 40, the Parliamentary Budget Office may prepare a statement to that effect, stating where the pre-election report is available, instead of preparing a post-election report.
(5) The Parliamentary Budget Officer must publicly release each post-election report or each statement under subsection (4) within 2 months after the date of the general election.