Commonwealth Consolidated Acts Commonwealth Consolidated ActsNo. 22, 1998
Compilation No. 4
Compilation date: 25 March 2020
Includes amendments up to: Act No. 22, 2020
Registered: 9 April 2020
About this compilation
This compilation
This is a compilation of the Charter of Budget Honesty Act 1998 that shows the text of the law as amended and in force on 25 March 2020 (the compilation date).
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.
Uncommenced amendments
The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.
Application, saving and transitional provisions for provisions and amendments
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.
Editorial changes
For more information about any editorial changes made in this compilation, see the endnotes.
Modifications
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.
Self-repealing provisions
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.
Contents
2 Commencement
3 The Charter of Budget Honesty
Schedule 1--Charter of Budget Honesty
Part 1--Purpose and overview
1 Purpose of Charter of Budget Honesty
2 Overview of obligations
Part 2--Interpretation
3 Interpretation
Part 3--Principles of sound fiscal management
4 Formulation of Government fiscal policy
5 The principles of sound fiscal management
Part 4--Fiscal strategy statement
6 Public release and tabling of fiscal strategy statements
7 Purpose of fiscal strategy statements
8 Fiscal strategy statement to be based on principles of sound fiscal management
9 Contents of fiscal strategy statement
Part 5--Annual Government reporting
Division 1--Budget economic and fiscal outlook report
10 Public release and tabling of budget economic and fiscal outlook reports
11 Purpose of budget economic and fiscal outlook reports
12 Contents of budget economic and fiscal outlook report
13 Commonwealth bodies to provide information to help prepare report
Division 2--Mid-year economic and fiscal outlook report
14 Public release and tabling of mid-year economic and fiscal outlook reports
15 Purpose of mid-year economic and fiscal outlook reports
16 Contents of mid-year economic and fiscal outlook report
17 Commonwealth bodies to provide information to help prepare report
Division 3--Final budget outcome report
18 Public release and tabling of final budget outcome reports
19 Contents of final budget outcome report
Part 6--Intergenerational report
20 Public release and tabling of intergenerational reports
21 Contents of intergenerational report
Part 7--Pre-election economic and fiscal outlook report
22 Public release of pre-election economic and fiscal outlook report
23 Purpose of pre-election economic and fiscal outlook reports
24 Contents of pre-election economic and fiscal outlook report--economic and fiscal information
25 Contents of pre-election economic and fiscal outlook report--statements by responsible Ministers and responsible Secretaries
26 Division of responsibility between responsible Secretaries
27 Responsible Minister to provide information to help prepare report
28 Commonwealth bodies to provide information to help prepare report
Part 8--Costing of election commitments
29 Requests for costing of election commitments
30 How policy costings are to be prepared
31 Public release of requests and costings--requests made before polling day
31A Public release of requests and costings--requests made on or after polling day
32 Commonwealth bodies to provide information to help prepare policy costings
Part 9--Additional statements about Commonwealth stock and securities
33 Additional statements about Commonwealth stock and securities
Endnotes
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1--About the endnotes
Endnote 2--Abbreviation key
Endnote 3--Legislation history
Endnote 4--Amendment history
Abbreviation key--Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history--Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Editorial changes
The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.
If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.
Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation "(md)" added to the details of the amendment included in the amendment history.
If a misdescribed amendment cannot be given effect as intended, the abbreviation "(md not incorp)" is added to the details of the amendment included in the amendment history.
ad = added or inserted | o = order(s) |
am = amended | Ord = Ordinance |
amdt = amendment | orig = original |
c = clause(s) | par = paragraph(s)/subparagraph(s) |
C[x] = Compilation No. x | /sub-subparagraph(s) |
Ch = Chapter(s) | pres = present |
def = definition(s) | prev = previous |
Dict = Dictionary | (prev ... ) = previously |
disallowed = disallowed by Parliament | Pt = Part(s) |
Div = Division(s) | r = regulation(s)/rule(s) |
ed = editorial change | reloc = relocated |
exp = expires/expired or ceases/ceased to have | renum = renumbered |
effect | rep = repealed |
F = Federal Register of Legislation | rs = repealed and substituted |
gaz = gazette | s = section(s)/subsection(s) |
LA = Legislation Act 2003 | Sch = Schedule(s) |
Sdiv = Subdivision(s) | |
(md) = misdescribed amendment can be given | SLI = Select Legislative Instrument |
effect | SR = Statutory Rules |
(md not incorp) = misdescribed amendment | Sub-Ch = Sub-Chapter(s) |
cannot be given effect | SubPt = Subpart(s) |
mod = modified/modification | underlining = whole or part not |
No. = Number(s) | commenced or to be commenced |
Endnote 3--Legislation history
Act | Number and year | Assent | Commencement | Application, saving and transitional provisions |
22, 1998 | 17 Apr 1998 | 17 Apr 1998 (s 2) |
| |
Parliamentary Service Amendment (Parliamentary Budget Officer) Act 2011 | 170, 2011 | 4 Dec 2011 | Sch 2: 15 Feb 2012 (s 2(1) item 2) | -- |
135, 2013 | 10 Dec 2013 | Sch 2: 10 Dec 2013 (s 2) | Sch 2 (item 8) | |
62, 2014 | 30 June 2014 | Sch 8 (item 19) and Sch 14: 1 July 2014 (s 2(1) item s 6, 14) | Sch 14 | |
as amended by |
|
|
|
|
Public Governance and Resources Legislation Amendment Act (No. 1) 2015 | 36, 2015 | 13 Apr 2015 | Sch 2 (items 7-9) and Sch 7: 14 Apr 2015 (s 2) | Sch 7 |
as amended by |
|
|
|
|
Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 | 126, 2015 | 10 Sept 2015 | Sch 1 (item 486): 5 Mar 2016 (s 2(1) item 2) | -- |
Acts and Instruments (Framework Reform) (Consequential Provisions) Act 2015 | 126, 2015 | 10 Sept 2015 | Sch 1 (item 495): 5 Mar 2016 (s 2(1) item 2) | -- |
22, 2020 | 24 Mar 2020 | Sch 15: 25 Mar 2020 (s 2(1) item 8) | -- |
Provision affected | How affected |
Schedule 1 |
|
Part 1 |
|
c 2..................... | am No 170, 2011; No 135, 2013 |
Part 2 |
|
c 3..................... | am No 170, 2011; No 135, 2013; No 62, 2014 |
Part 5 |
|
Division 1 |
|
c 12.................... | am No 135, 2013 |
Division 2 |
|
c 16.................... | am No 135, 2013 |
Part 6 |
|
c 20.................... | am No 22, 2020 |
Part 7 |
|
c 24.................... | am No 135, 2013 |
c 25.................... | am No 170, 2011 |
c 26.................... | am No 170, 2011; No 135, 2013 |
Part 8 |
|
c 29.................... | am No 170, 2011 |
c 30.................... | am No 170, 2011 |
c 31.................... | rs No 170, 2011 |
c 31A................... | ad No 170, 2011 |
c 32.................... | am No 170, 2011 |
Part 9 |
|
Part 9................... | ad No 135, 2013 |
c 33.................... | ad No 135, 2013 |