Annual reports are an important way in which agencies remain accountable to Parliament and the community for the way in which public monies have been applied during a reporting period.
Following introduction of the Government Sector Finance Act 2018 (NSW) (GSF Act), there is an opportunity to review and reform the annual reporting requirements for agencies to ensure that they:
- meet the current and future needs of the users of annual reports;
- are aligned with the principles-based framework of the GSF Act; and
- reflect best practice in annual reporting.
This discussion paper has been prepared to seek feedback from key stakeholders about annual reporting requirements from the 2022-23 reporting period onwards. The paper sets out the context for reform, the research and consultations undertaken to date and a proposed framework for annual reporting based on this research and consultation.
We are inviting feedback on this discussion paper from the general public, agencies, universities and State Owned Corporations, together with a range of other expert stakeholders.