Australian Capital Territory
Financial Management (Budget Financial Statements) Guidelines 2008
Disallowable instrument DI2008–90
made under the
Financial Management Act 1996, s133 (Guideline-making power)
EXPLANATORY STATEMENT

Outline
These guidelines are issued in accordance with section 133 of the Financial Management Act 1996 (the Act).
This instrument, Financial Management (Budget Financial Statements) Guidelines 2008, prescribes the level of reporting required in the budget financial statements.  Due to a recent change in the financial accounting standards, the Territory is no longer required to include a separate statement of changes in equity for the whole of government reporting.
This guideline replaces Financial Management (Budget Financial Statements) Guidelines 2005, notified on legislation register on 23 November 2005.
Details of the Financial Management (Budget Financial Statements) Guidelines 2008
Clauses 1 and 2 are formal requirements.  They refer to the name and the commencement date.
Clauses 3 to 6 prescribes the level of reporting required by the Territory, departments, territory authorities.
Clause 7 revokes the Financial Management (Budget Financial Statements) Guidelines 2005, which is replaced by provisions made under this guideline.
End