5DBFunctions—annual statements

5DB Functions—annual statements

(1) Infrastructure Australia must, during each financial year, prepare and give to the Minister the following: (a) an annual budget statement to inform the annual Commonwealth budget process on infrastructure investment; and (b) an annual performance statement on the performance outcomes being achieved by States, Territories and local government authorities in relation to the infrastructure investment program and existing project initiatives funded by the Commonwealth. (2) Infrastructure Australia must cause each annual statement to be: (a) tabled in both Houses of the Parliament no later than 14 days prior to the scheduled public release of the annual Commonwealth budget each year; and (b) published on Infrastructure Australia’s website as soon as practicable after the annual statement is tabled in the Parliament.