Public Governance, Performance and Accountability Act 2013

CHAPTER 3 - COMMONWEALTH COMPANIES  

PART 3-2 - PLANNING AND ACCOUNTABILITY  

Division 2 - Planning and budgeting  

SECTION 96   BUDGET ESTIMATES FOR WHOLLY-OWNED COMMONWEALTH COMPANIES  

96(1)    
The directors of a wholly-owned Commonwealth company must:

(a)    prepare budget estimates covering the company ' s activities for each reporting period for the company, and for any other periods directed by the Finance Minister; and

(b)    give the budget estimates to the Finance Secretary in accordance with any directions under subsection (3) .

96(2)    
The budget estimates must:

(a)    fairly present the estimated financial impacts of the company ' s activities for the reporting period or other period; and

(b)    comply with any directions under subsection (3) ; and

(c)    be accompanied by any information relating to the budget estimates for the company that is required by any direction under subsection (3) .

96(3)    
The Finance Secretary may give written directions to the directors of a Commonwealth company for the purposes referred to in paragraph (1)(b) or subsection (2) .

96(4)    
A direction made under subsection (3) is not a legislative instrument.