VICIn ForceAct
Financial Management Act 1994
23LBudget update
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23L Budget update
(1) The Minister must prepare a budget update for each financial year.
S. 23L(2) substituted by No. 43/2004 s. 7(1).
(2) A budget update must be transmitted to the Parliament in accordance with section 27D.
S. 23L(3) inserted by No. 30/2025 s. 9.
(3) Despite subsection (1), the Minister is not required to prepare a budget update for a financial year if a pre-election budget update prepared in accordance with Division 6 is released on or after 15 September and before 15 December in that financial year.
S. 23M inserted by No. 9/2000 s. 4.