Victorian Consolidated Legislation

Financial Management Act 1994 - SECT 26

Quarterly financial report

26. Quarterly financial report



(1) The Minister must prepare a quarterly financial report for each quarter of
each financial year.

(2) A quarterly financial report comprises-

   (a)  a statement of financial performance of the Victorian general
        government sector for the quarter;

   (b)  a statement of financial position of the Victorian general government
        sector at the end of the quarter;

   (c)  a statement of cash flows of the Victorian general government sector
        for the quarter;



   (d)  a statement of the accounting policies on which the statements
        required by paragraphs (a), (b) and (c) are based;

   (e)  any other information the Minister considers appropriate.

(2A) A quarterly financial report must be prepared in the manner and form
determined by the Minister, having regard to appropriate financial reporting
frameworks.

(2B) The quarterly financial report for the quarter ending on 31 December in a
financial year must include, in addition to the statements referred to in
subsection (2)(a) to (d) for that quarter, those statements for the period of
6 months ending on that 31 December.

(3) The quarterly financial report for the quarter ending on 31 March in a
financial year must include, in addition to the statements referred to in
subsection (2)(a) to (d) for that quarter, those statements for the period of
9 months ending on that 31 March.

(3A) The quarterly financial report for the quarter ending on 30 June in a
financial year must include, in addition to the statements referred to in
subsection (2)(a) to (d) for that quarter, those statements for the period of
12 months ending on that 30 June.

(4) A quarterly financial report must be transmitted to the Parliament in
accordance with section 27D.









Division 6-Pre-election budget update