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This is a Bill, not an Act. For current law, see the Acts databases.
Queensland
PRE-ELECTION BUDGET
HONESTY BILL 2003
Queensland
PRE-ELECTION BUDGET HONESTY
BILL 2003
TABLE OF PROVISIONS
Section Page
1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2 Dictionary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
3 Public release of pre-election fiscal and economic outlook report . . . . . . . . 4
4 Purpose of pre-election fiscal and economic outlook reports . . . . . . . . . . . . 4
5 Contents of pre-election fiscal and economic outlook report--fiscal and
economic information ..................................... 4
6 Contents of pre-election fiscal and economic outlook report--statements
by Ministers and the chief executive ........................... 5
7 Each Minister must provide information to help prepare report . . . . . . . . . . 6
8 State body must provide information to help prepare report. . . . . . . . . . . . . 6
9 Meaning of "GFS Australia" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . 7
DICTIONARY
2003
A BILL
FOR
An Act to provide for making available updated fiscal and economic
information pending a general election
s1 4 s5
Pre-election Budget Honesty Bill 2003
The Parliament of Queensland enacts-- 1
1 Short title 2
This Act may be cited as the Pre-election Budget Honesty Act 2003. 3
2 Dictionary 4
The dictionary in the schedule defines particular words used in this Act. 5
3 Public release of pre-election fiscal and economic outlook report 6
The chief executive must publicly release a pre-election fiscal and 7
economic outlook report within 10 days of the issue of the writ for a 8
general election. 9
4 Purpose of pre-election fiscal and economic outlook reports 10
The purpose of a pre-election fiscal and economic outlook report is to 11
provide updated information on the fiscal and economic outlook of the 12
State. 13
5 Contents of pre-election fiscal and economic outlook 14
report--fiscal and economic information 15
(1) A pre-election fiscal and economic outlook report must contain the 16
following information-- 17
(a) updated fiscal estimates for the current financial year for the 18
Queensland general government and public trading enterprise 19
budget sectors of the type usually provided in the Mid Year Fiscal 20
and Economic Review; 21
(b) the economic and other assumptions for the current financial year 22
used in preparing the updated fiscal estimates; 23
(c) an updated statement of the risks, quantified if feasible, that may 24
have a material effect on the fiscal and economic outlook, 25
including-- 26
(i) contingent liabilities; and 27
s6 5 s6
Pre-election Budget Honesty Bill 2003
(ii) publicly announced Government commitments; and 1
(iii) Government negotiations that have yet to be finalised. 2
(2) To the fullest extent possible, the information in the report is to take 3
into account all Government decisions and other circumstances that-- 4
(a) may have a material effect on the fiscal and economic outlook; 5
and 6
(b) were made, or were in existence, before the issue of the writ for 7
the general election. 8
(3) The report is to-- 9
(a) be based on external reporting standards; and 10
(b) identify, in general terms, the external reporting standards on 11
which it is based and any ways in which the report departs from 12
the standards. 13
(4) If particular information required to be included in the report is 14
unchanged from information set out in full in the Mid Year Fiscal and 15
Economic Review tabled in the Legislative Assembly, the report may 16
instead summarise the information and state that it is unchanged from what 17
was set out in the review. 18
(5) The report does not have to include information that the chief 19
executive reasonably considers should not be included because it is 20
confidential commercial information. 21
6 Contents of pre-election fiscal and economic outlook 22
report--statements by Ministers and the chief executive 23
A pre-election fiscal and economic outlook report is to contain the 24
following-- 25
(a) a signed statement, by each Minister, that the disclosure 26
requirements of section 7 have been complied with; 27
(b) a signed statement by the chief executive to the effect that, to the 28
fullest extent possible, the information in the report-- 29
(i) reflects the best professional judgment of officers of the 30
chief executive's department; and 31
(ii) takes into account all fiscal and economic information 32
available; and 33
s7 6 s9
Pre-election Budget Honesty Bill 2003
(iii) incorporates the fiscal and economic implications of 1
Government decisions and circumstances disclosed by 2
Ministers. 3
7 Each Minister must provide information to help prepare report 4
(1) To help the chief executive prepare a pre-election fiscal and 5
economic outlook report, each Minister must disclose to the chief executive 6
details of any Government decision, or any other circumstance, that the 7
Minister knows about-- 8
(a) that has, or could have, material fiscal or economic implications; 9
and 10
(b) that the chief executive could not reasonably be expected to 11
know about. 12
(2) Disclosures are to be made within 2 days of the issue of the writ for 13
the general election. 14
8 State body must provide information to help prepare report 15
(1) To help the chief executive prepare a pre-election fiscal and 16
economic outlook report, the chief executive may ask a State body to 17
provide information. 18
(2) The State body must comply with the request in time to allow the 19
information to be taken into account in the preparation of the report, unless 20
it is not practicable for the body to do so. 21
(3) The State body does not have to provide information if doing so 22
would contravene a law of the State. 23
9 Meaning of "GFS Australia" 24
(1) "GFS Australia" is the publication of the Australian Bureau of 25
Statistics known as Government Finance Statistics Australia: Concepts, 26
Sources and Methods, as updated from time to time. 27
(2) This updating takes either of the following forms-- 28
(a) a new version of the publication is produced; 29
(b) material in the current version of the publication is updated by 30
other publications of the Australian Bureau of Statistics. 31
7
Pre-election Budget Honesty Bill 2003
SCHEDULE 1
DICTIONARY 2
section 2 3
"charter of social and fiscal responsibility" means the charter prepared 4
by the Treasurer under the Financial Administration and Audit Act 5
1977, part 1A. 6
"chief executive" means the chief executive of the department in which the 7
Mid Year Fiscal and Economic Review is prepared. 8
"external reporting standards" means the concepts and classifications set 9
out in GFS Australia. 10
"general election" means an election for the members of the Legislative 11
Assembly. 12
"GFS Australia" see section 9. 13
"Government" means the Government of the State. 14
"Mid Year Fiscal and Economic Review" means the document by that 15
name that is prepared under the charter of social and fiscal 16
responsibility. 17
"State body" means a department, or statutory body, under the Financial 18
Administration and Audit Act 1977. 19
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