39Treasurer's preliminary outcomes report

39 Treasurer's preliminary outcomes report

(1)  Before 31 July in each year, the Secretary is to –

(a) review the preliminary outcomes results for the previous financial year; and

(b) determine whether those results vary materially from the revised estimates published in the Budget Papers that relate to the previous financial year.

(2)  If the Secretary's determination under subsection (1) is that there is no material variation, the Secretary must inform the Treasurer and publicly release a notice that no report will be issued.

(3)  If the Secretary's determination under subsection (1) is that there is material variation, the Secretary must inform the Treasurer.

(4)  On receiving advice under subsection (3) , the Treasurer is to publish a report (the preliminary outcomes report) for the previous financial year by no later than the 15 August immediately following the financial year to which the report relates.

(5)  The preliminary outcomes report for the previous financial year is to contain, in respect of the major General Government Sector statements as defined by the Australian Accounting Standards and disclosed in the Budget Papers –

(a) original estimates disclosed in the Budget Papers for the previous financial year; and

(b) preliminary results for the previous financial year.

(6)  The Treasurer may include in any preliminary outcomes report, in the form, or manner, if any, that the Treasurer determines, any other financial or statistical report.