Victorian Current Acts

FINANCIAL MANAGEMENT ACT 1994 - SECT 25

    (1)     The Minister must prepare a mid-year report for each financial year.

    (2)     The mid-year report—

S. 25(2)(a) amended by No. 43/2004 s. 9(1)(a).

        (a)     must be prepared in the manner and form determined by the Minister, having regard to appropriate financial reporting frameworks;

S. 25(2)(b) amended by No. 43/2004 s. 9(1)(b).

        (b)     must present fairly the financial position of the State and the Victorian general government sector at midnight on 31 December in the financial year and—

              (i)     the transactions on the Public Account;

S. 25(2)(b)(ii) amended by No. 43/2004 s. 9(1)(b).

              (ii)     the transactions of the Victorian general government sector;

              (iii)     other financial transactions of the State—

in respect of the period of 6 months ending on that day;

        (c)     may include any other information the Minister considers appropriate.

S. 25(3) substituted by No. 43/2004 s. 9(2).

    (3)     A mid-year report must be transmitted to the Parliament in accordance with section 27D.

S. 26
inserted by No. 9/2000 s. 4.