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Charter of budget responsibility

The costing of Government and Opposition parties’[9] policies by the Department of Treasury and Finance is regulated by the Charter of Budget Responsibility Act 2007.

The Secretary, Department of Treasury and Finance issues detailed Guidelines for Costing Election Policies in accordance with the requirements of the Charter of Budget Responsibility Act. The Guidelines are available at www.treasury.tas.gov.au.

The Charter provides a framework to improve fiscal policy outcomes by requiring, amongst other things, a process for costing the election policies of parties represented in the House of Assembly.

During the caretaker period,[10] the Charter of Budget Responsibility Act provides for the Secretary, Department of Treasury and Finance to:

  • prepare costings of publicly announced Government policies, at the request of the Premier; and
  • prepare costings of publicly announced Opposition party policies, at the request of the Leader of an Opposition party.