Australian Capital Territory
Financial Management (Periodic and Annual Financial Statements) Guidelines 2016
Disallowable instrument DI2016—121
made under the
Financial Management Act 1996, s133 (Guideline-making power)

The Treasurer makes the following guidelines under the Financial Management Act 1996, section 133 (Guideline-making power).
Dated:        17 June 2016

ANDREW BARR MLA
Treasurer

Australian Capital Territory
Financial Management (Periodic and Annual Financial Statements) Guidelines 2016
Disallowable instrument DI2016—121
made under the  
Financial Management Act 1996, s133 (Guideline-making power)

1	Name of guidelines
These guidelines are the Financial Management (Periodic and Annual Financial Statements) Guidelines 2016.
2	Commencement
These guidelines commence on the day after the notification day.
3	Financial statements for budget review-general government sector—Act, s 20B (3) (a)
The following updated financial statements are required:
(a)	an operating statement estimated for the year;
(b)	a balance sheet that is planned for the end of the year;
(c)	a statement of changes in equity estimated for the year;
(d)	a cash flow statement estimated for the year.
4	Financial statements for pre-election budget update—Act, s 20D (3) (a)
The following updated financial statements are required:
(a)	an operating statement estimated for the year;
(b)	a balance sheet that is planned for the end of the year;
(c)	a statement of changes in equity estimated for the year;
(d)	a cash flow statement estimated for the year.
5	
Annual financial statements of the Territory—Act, s 22 (2) (a)
The following financial statements are required:
(a)	an operating statement for the year;
(b)	a balance sheet at the end of the year;
(c)	a statement of changes in equity for the year;
(d)	a cash flow statement for the Territory for the year;
(e)	a statement of appropriation for the year.
6	Periodic financial statements of the Territory—Act, s 26 (2)
(1)	The financial statements for the quarter must include the following:
(a)	an operating statement for the quarter-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector;
(b)	a cash flow statement for the quarter-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector.
(2)	The financial statements for the period from the beginning of the financial year until the end of the quarter must include the following:
(a)	an operating statement for the period-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector;
(b)	a balance sheet at the end of the period-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector;
(c)	a statement of changes in equity for the period-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector;
(d)	a cash flow statement for the period-
(i)	in relation to the Territory; and
(ii)	in relation to the general government sector; and
(iii)	in relation to the public trading enterprise sector.
7	
Annual financial statements of directorates—Act, s 27 (3) (a)
(1)	The following financial statements are required:
(a)	an operating statement for the year;
(b)	a balance sheet at the end of the year;
(c)	a statement of changes in equity for the year;
(d)	a cash flow statement for the year;
(e)	a statement of appropriation for the year.
(2)	An operating statement mentioned in subsection (1) (a) must include an operating statement (excluding other comprehensive income) for each class of outputs for the year.
(3)	Subsection (2) does not apply to the Office of the Legislative Assembly or an officer of the Assembly.
8	Annual financial statements for territory authorities—Act, s 63 (3) (a)
(1)	The following financial statements are required:
(a)	an operating statement for the year;
(b)	a balance sheet at the end of the year;
(c)	a statement of changes in equity for the year;
(d)	a cash flow statement for the year;
(e)	where an appropriation has been made to the territory authority, a statement of appropriation for the year.
(2)	For a prescribed territory authority, an operating statement mentioned in subsection (1) (a) must include an operating statement (excluding other comprehensive income) for each class of outputs for the year.
9	Revocation 
DI2011-130 notified on the legislation register on 16 June 2011 is revoked.