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Charter of Budget Honesty Act 1998

No. 22, 1998

Compilation No. 4

Compilation date:  25 March 2020

Includes amendments up to: Act No. 22, 2020

Registered:  9 April 2020

About this compilation

This compilation

This is a compilation of the Charter of Budget Honesty Act 1998 that shows the text of the law as amended and in force on 25 March 2020 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
1 Short title
2 Commencement
3 The Charter of Budget Honesty
Schedule 1—Charter of Budget Honesty
Part 1—Purpose and overview
1 Purpose of Charter of Budget Honesty
2 Overview of obligations
Part 2—Interpretation
3 Interpretation
Part 3—Principles of sound fiscal management
4 Formulation of Government fiscal policy
5 The principles of sound fiscal management
Part 4—Fiscal strategy statement
6 Public release and tabling of fiscal strategy statements
7 Purpose of fiscal strategy statements
8 Fiscal strategy statement to be based on principles of sound fiscal management
9 Contents of fiscal strategy statement
Part 5—Annual Government reporting
Division 1—Budget economic and fiscal outlook report
10 Public release and tabling of budget economic and fiscal outlook reports
11 Purpose of budget economic and fiscal outlook reports
12 Contents of budget economic and fiscal outlook report
13 Commonwealth bodies to provide information to help prepare report
Division 2—Mid‑year economic and