Election Commitment Costings 2018
The Charter of Budget Responsibility Act 2007
The Charter of Budget Responsibility Act 2007 (the Act) imposes a number of responsibilities on the Premier, Treasurer, Leaders of Opposition Parties and the Secretary of the Department of Treasury and Finance (Treasury).
Key requirements of the Act include:
- the costing of election policies by the Secretary of Treasury;
- if considered necessary, publication of a Pre-Election Financial Outcome Report by the Secretary of Treasury; and
- the publication of a Fiscal Strategy Statement by Leaders of Opposition Parties.
Costing of Election Policies
Under the Act, the Secretary of Treasury is required to undertake the costing of an election policy where requested to do so by the Premier or Leader of an Opposition Party. During the election costing period, costings will be posted on this website once completed.
Guidelines for Costing Election Policies
Guidelines for costing election policies 2018 (355Kb)
Pre-Election Financial Outlook
The Act also requires the Secretary of Treasury to:
- make a decision in relation to the need for a Pre-Election Financial Outlook Report within 5 working days of the commencement of the election costing period; and
- in the event that a report is required, prepare and publish a Pre-Election Financial Outlook Report within 10 working days of the commencement of the election costing period.
Notice in respect to Pre-Election Financial Outlook Report
In accordance with clause 10(1) of the Charter of Budget Responsibility Act 2007, the Secretary of Treasury has reviewed the current estimates for the 2017-18 Budget year and the following three financial years (2018-19 to 2020-21) and determined that the current estimates do not vary materially from the Revised Estimates Report (including the December Quarterly Report 2017-18) released on 25 January 2018.
Media Release - Pre-Election Financial Outlook Report (33Kb)
Fiscal Strategy Statements
The Act requires that the Premier and Leaders of Opposition Parties must:
- publicly announce a fiscal strategy statement; and
- provide a copy of the statement to the Secretary of Treasury within 15 working days of the commencement of the election costing period.