What the official record says
This Act is the Public Finance (Fiscal Responsibility) Amendment Act . This Act comes into force on the day after the date on which it receives the Royal assent. This Act amends the Public Finance Act 1989 (the ). Replace section 26G(1)(e) with: formulating revenue strategy regard to efficiency and fairness, including the predictability and stability of tax rates; and formulating fiscal strategy regard to monetary policy; and formulating fiscal strategy regard to its likely impact on present and future generations; and ensuring that the Crown's resources are managed effectively and efficiently. ) After section 26K, insert: The fiscal strategy report must— state the Government's priorities for allocating the Crown's resources for the financial year to which the report relates and at least t