Victorian Current Acts Victorian Current Acts(1) The Minister must prepare an accompanying statement in association with each set of estimated financial statements.
(2) An accompanying statement comprises—
(a) a statement of the material economic and other assumptions that have been used in preparing the estimated financial statements;
(b) a discussion of the sensitivity of the estimated financial statements to changes in those economic and other assumptions;
(c) an overview of the estimated tax expenditures for the financial years covered by the estimated financial statements;
(d) a statement of the risks, quantified where feasible, that may have a material effect on the estimated financial statements, including—
(i) contingent liabilities;
(ii) publicly announced Government commitments that are not yet included in the estimated financial statements.
(3) The information in an accompanying statement must take into account Government decisions and other circumstances that may have a material effect on the estimated financial statements.
(4) An accompanying statement must be laid before each House of the Parliament with the estimated financial statements to which it relates in accordance with section 27E.
S. 23L inserted by No. 9/2000 s. 4.