sec.170Financial sustainability statements

sec.170 Financial sustainability statements

The council’s current-year financial sustainability statement must state each measure of financial sustainability applicable to the council for the financial year to which the statement relates. The council’s long-term financial sustainability statement must state— each measure of financial sustainability applicable to the council for the 9 financial years following the year to which the statement relates; and an explanation of the council’s financial management strategy that is consistent with the long-term financial forecast. For subsections (1) and (2) (a) , a measure of financial sustainability applies to the council for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the council for the financial year. s 170 amd 2023 SL No. 56 s 5 (sec.170-ssec.1) The council’s current-year financial sustainability statement must state each measure of financial sustainability applicable to the council for the financial year to which the statement relates. (sec.170-ssec.2) The council’s long-term financial sustainability statement must state— each measure of financial sustainability applicable to the council for the 9 financial years following the year to which the statement relates; and an explanation of the council’s financial management strategy that is consistent with the long-term financial forecast. (sec.170-ssec.3) For subsections (1) and (2) (a) , a measure of financial sustainability applies to the council for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the council for the financial year.

• (a) each measure of financial sustainability applicable to the council for the 9 financial years following the year to which the statement relates; and
• (b) an explanation of the council’s financial management strategy that is consistent with the long-term financial forecast.