1) The Minister must table in the House of Representatives a mid-year fiscal statement for the first 6 months of each financial year.
2) The mid-year fiscal statement for the period of 6 months must be tabled -
(a) within 2 months after the end of the period; or
(b) if the House is not sitting in the last 7 days of the second month after the period and the report has not been tabled, within 3 sitting days of the House after the end of that second month.
3) The mid-year fiscal statement for the period of 6 months must include a statement specifying–
(a) for each head of appropriation, a statement specifying the matters set out in subsection (4); and
(b) for the whole of government, a statement specifying the matters set out in subsection (5).
4) The statement for each head of appropriation must specify -
(a) the expenditure for the period of 6 months;
(b) the projected expenditure for the financial year;
(c) the amount appropriated for the financial year, including details of reportable authorisations relating to that head of appropriation;
(d) the budget sector agency administering the appropriation.
5) The statement for the whole of government must specify the following –
(a) the total revenue and total expenditure, and the surplus or deficit, for the period of 6 months, compared with the revenue and expenditure, and the surplus or deficit, for the corresponding period of the previous financial year;
(b) the projected total revenue and total expenditure, and the projected surplus or deficit, for the financial year, compared with the actual revenue and expenditure, and surplus or deficit, for the previous financial year.
(Financial Management Act 2004 s(44))