Document ID: chunk:federal_register_of_legislation:C2020C00126:clause:1_3:p1
Version: federal_register_of_legislation:C2020C00126
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 1/2)
Character Range: 7936–10790

3  Interpretation
 (1) In this Schedule, unless the contrary intention appears:
budget means an annual Commonwealth budget.
budget year means the financial year to which a budget relates.
caretaker period for a general election means the period starting when the House of Representatives expires or is dissolved, and ending:
 (a) when it is clear that the Government has been re‑elected; or
 (b) if there is a change of Government, when the new Government has been sworn in.
Commonwealth body means a Department or other entity that is within the Commonwealth general government sector.
Commonwealth stock and securities means stock and securities on issue under the Commonwealth Inscribed Stock Act 1911 (the CIS Act) or the Loans Securities Act 1919 (disregarding stock and securities of the kind mentioned in subsection 51JA(2A) of the CIS Act).
debt statement, for a report under Part 5 or 7, means a statement that includes:
 (a) the following information about Commonwealth stock and securities on issue, at the time of the report and for the financial year to which the report relates and the following 3 financial years:
 (i) the value of the stock and securities (including their market and face value, and their value as a proportion of gross domestic product);
 (ii) the total expected interest expenses relating to the stock and securities; and
 (b) a breakdown, by maturity and timing of interest payments, of Commonwealth stock and securities on issue at the time of the report.
Department of Finance means the Department administered by the Minister for Finance.
external reporting standards means:
 (a) the concepts and classifications set out in GFS Australia; and
 (b) public sector accounting standards developed by the Public Sector Accounting Standards Board.
general election means a general election of the members of the House of Representatives.
GFS Australia means the publication of the Australian Bureau of Statistics known as Government Finance Statistics Australia: Concepts, Sources and Methods, as updated from time to time. This updating takes 2 forms:
 (a) from time to time, a new version of the publication is produced;
 (b) from time to time, material in the current version of the publication is updated by other publications of the Australian Bureau of Statistics.
Government means the Commonwealth Government.
Leader of a minority party means the Leader of a recognised non‑Government party of at least 5 members, but does not include the Leader of the Opposition in the House of Representatives or in the Senate.
Leader of the Opposition means the Leader of the Opposition in the House of Representatives.
member means a member of either House of the Parliament.
Minister for Finance means the Minister administering the Public Governance, Performance and Accountability Act 2013.
Parliamentary Budget Officer has