Australian Capital Territory
Financial Management (Periodic and Annual Financial Statements) Guidelines 2008
Disallowable instrument DI2008–191
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 (Periodic and Annual Financial Statements) Guidelines 2008, prescribes the level of reporting required in the periodic and annual financial statements.  Due to a change in the financial accounting standards for financial reporting commencing 1 July 2008, the Territory is no longer required to include a separate statement of changes in equity for the whole of government reporting.
Also the guideline clarifies that a prescribed Territory authority is required to include an operating statement for each class of outputs in their annual financial statements.
This guideline replaces Financial Management (Periodic and Annual Financial Statements) Guidelines 2005, notified on legislation register on 6 December 2005.
Details of the Financial Management (Periodic and Annual Financial Statements) Guidelines 2008
Clauses 1 and 2 are formal requirements.  They refer to the name and the commencement date.
Clauses 3 to 8 prescribes the level of reporting required by the Territory, departments, territory authorities.
Clause 9 revokes the Financial Management (Periodic and Annual Financial Statements) Guidelines 2005, which is replaced by provisions made under this guideline.
End