Document ID: chunk:federal_register_of_legislation:C2013A00135:clause:2_33
Version: federal_register_of_legislation:C2013A00135
Segment Type: clause
Provision Reference: sch 2 cl 33
Character Range: 4246–5160

33  Additional statements about Commonwealth stock and securities
 (1) This clause applies when the actual face value of Commonwealth stock and securities on issue has increased by $50 billion or more since whichever of the following last occurred:
 (a) a budget economic and fiscal outlook report, a mid‑year economic and fiscal outlook report or a pre‑election economic and fiscal outlook report was publicly released;
 (b) a statement under this clause was tabled.
 (2) The Treasurer is to table in each House of the Parliament, within 3 sittings days of that House after the increase referred to in subclause (1), a statement setting out the reasons for the increase, including the extent to which any of the following contributed to the increase:
 (a) lower than expected revenue;
 (b) higher than expected spending;
 (c) capital purchases;
 (d) grants to State and Territory governments for infrastructure.