To ensure NSW is at the forefront of modern public administration, the NSW Government is seeking to update its finance legislation and policy.
The NSW Government is looking to consolidate a multitude of Acts, some of which are three decades’ old. In their place would be a single piece of legislation that captures modern financial practices.
The policy changes will drive a greater focus on results. For example, there will be a stronger emphasis on what outcomes are forecast to be achieved and how a proposal aligns with wider Government priorities. The new policy will continue to incorporate current practices that ensure fiscal discipline.