New South Wales Consolidated Acts

FISCAL RESPONSIBILITY ACT 2005

- As at 20 June 2006
- Act 41 of 2005

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Name of Act
   2.      Commencement
   3.      Purpose, objects and application of Act
   4.      Definitions and other general provisions

   PART 2 - FISCAL TARGETS

   5.      Fiscal targets
   6.      Medium term fiscal targets
   7.      Long term fiscal targets

   PART 3 - FISCAL PRINCIPLES

   8.      Fiscal principles
   9.      Application of fiscal principles
   10.     Impact of decisions of Commonwealth Grants Commission etc
   11.     Fiscal principle No 1-keeping the budget and forward estimates in surplus
   12.     Fiscal principle No 2-constrained growth in net cost of services and expenses
   13.     Fiscal principle No 3-managing public sector employee costs
   14.     Fiscal principle No 4-evaluation of capital expenditure proposals
   15.     Fiscal principle No 5-managing State finances with a view to long-term fiscal pressures
   16.     Fiscal principle No 6-maintaining or increasing general government sector net worth
   17.     Fiscal principle No 7-funding employer superannuation liabilities
   18.     Fiscal principle No 8-total asset management
   19.     Fiscal principle No 9-prudent risk management
   20.     Fiscal principle No 10-tax restraint

   PART 4 - MISCELLANEOUS

   21.     Effect of Act
   22.     Acts not affected by this Act
   23.     Repeal of General Government Debt Elimination Act 1995 No 83
   24.     (Repealed)
   25.     Review of Act
   26.     Further review of Act
           Schedule 1 (Repealed)