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2013-2014-2015
THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA
THE SENATE
CHARTER OF BUDGET HONESTY AMENDMENT
(INTERGENERATIONAL REPORT) BILL 2015
EXPLANATORY MEMORANDUM
(Circulated by the authority of Senator Christine Milne)
Charter of Budget Honesty Amendment (Intergenerational Report)
Bill 2015
GENERAL OUTLINE: Policy Rationale
The purpose of this Bill is to require that the intergenerational reports are prepared by
the Parliamentary Budget Officer, instead of Treasury, as part of the Parliamentary
Budget Officer's statutory obligations, every five years.
NOTES ON CLAUSES
Clause 1 - Short title
This clause provides for the Bill, when enacted, to be cited as the Charter of Budget
Honesty Amendment (Intergenerational Report) Act 2015.
Clause 2 - Commencement
This clause provides for the Act to commence on the day after it receives the Royal
Assent.
Clause 3 - Schedules
This clause specifies that the Schedule in this Act operates according to its terms.
Schedule 1 - Amendments
Charter of Budget Honesty Act 1998
Items 1-3 -Note that the Parliamentary Budget Officer is responsible for preparing the
Intergenerational Report.
Parliamentary Services Act 1999
Item 4 - Amends the duties of the Parliamentary Budget Officer, to include the
preparation of intergenerational reports.
Item 5 - Inserts two new sections into the Act. New section 64MD requires that the
Parliamentary Budget Officer prepare an intergenerational report every 5 years, in
time for the Treasurer to release and table the report within 5 years of the preceding
report.
New section 64ME enables the Parliamentary Budget Officer to request a
Commonwealth body to provide information that is relevant to the preparation of the
intergenerational report. This section also states that the Commonwealth body must
comply with this request.
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STATEMENT OF COMPATIBILITY WITH HUMAN RIGHTS
Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny)
Act 2011
Charter of Budget Honesty Amendment (Intergenerational Report) Bill 2015
This Bill is compatible with the human rights and freedoms recognised or declared in
the international instruments listed in section 3 of the Human Rights (Parliamentary
Scrutiny) Act 2011.
Overview of the Bill:
The purpose of this Bill is to require that the intergenerational reports are prepared by
the Parliamentary Budget Officer, instead of Treasury, as part of the Parliamentary
Budget Officer's statutory obligations, every five years.
Human Rights Implications:
The Bill does not engage any of the applicable rights or freedoms.
Conclusion:
This Bill is compatible with human rights as it does not raise any human rights issues.
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