Fiscal Responsibility Act 2010

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  Explanatory Notes

  Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

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Please note:

All reference to 'Parts' and 'sections' are from the Fiscal Responsibility Act 2010. For other versions of these Explanatory Notes, see More Resources.

1. Introduction

2. Background

3. Summary

4. Territorial Extent

5. Expand +/Collapse -

   Commentary on Sections and Schedules

   1. Section 1: Initial duties

   2. Section 2: Subsequent duties for securing sound public finances

   3. Section 3: Progress and compliance reports

   4. Section 4: Accountability to Parliament

   5. Section 5: Interpretation

   6. Section 6: Short title

6. Commencement Dates

7. Hansard References

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