Document ID: chunk:federal_register_of_legislation:C2020C00126:clause:1_16
Version: federal_register_of_legislation:C2020C00126
Segment Type: clause
Provision Reference: sch 1 cl 16
Character Range: 19647–20972

16  Contents of mid‑year economic and fiscal outlook report

 (1) A mid‑year economic and fiscal outlook report is to:
 (a) update key information contained in the most recent budget economic and fiscal outlook report (the budget report); and
 (b) contain a detailed statement of tax expenditures, presenting disaggregated information on tax expenditures; and
 (c) contain a debt statement.
 (2) The information in the report is to take into account, to the fullest extent possible, all Government decisions and all other circumstances that may have a material effect on the fiscal and economic outlook.
 (3) The report is to:
 (a) be based on external reporting standards; and
 (b) identify, in general terms, the external reporting standards on which it is based and any ways in which the report departs from those standards.
 (4) If particular information required to be included in the report is unchanged from information set out in full in the budget report, the report may instead summarise the information and state that it is unchanged from what was set out in the budget report.
 (5) The report does not have to include information that the Treasurer considers should not be included because:
 (a) it is confidential commercial information; or
 (b) its disclosure in the report could prejudice national security.