The Half Yearly Review is released in compliance with section 8 of the Public Finance and Audit Act 1983. This section requires the Treasurer by 31 December in each year, to publicly release a statement (the Half-Yearly Review) containing: revised projections for the current financial year and an explanation of any significant variation in those revised projections from the original budget time projections; revised forward estimates, for major aggregates, over 3 years; and the latest economic projections for the current financial year and an explanation of any significant variation from the budget time projections contained in the Budget Papers. Section 8 also requires the Half-Yearly Review to be based on actual results as at the end of the previous October.
Last updated: 13/12/2018
