General Government Debt Elimination Act 1995 No 83
10 Application of fiscal principles
(1) The fiscal principles relate to sound financial management, and
accordingly the Government should aim to pursue its policy objectives in
accordance with those principles.
(2) Those principles may be departed from in the presentation and
implementation of the budget, but any departure should be
(3) The Treasurer is to include in the budget papers a statement
containing the following:
(a) the reasons for the departure,
(b) the approach to be taken to enable a return to the
(c) the time frame within which a return to the principles should
(4) Within 3 months of the commencement of this section, the Treasurer
is to table in each House of Parliament a comprehensive financial management
framework for the State’s finances prepared in accordance with
international public sector best practice.