Costing Election Commitments
The Charter of Budget Honesty Act 1998  (the Charter) requires the Secretaries' to the Department of Finance (Finance) and the Treasury to undertake formal costings of Government and Opposition election commitments, as requested by the Prime Minister or the Leader of the Opposition (through the Prime Minister).
Under the Charter, the Finance Secretary is responsible for costing aspects of policies affecting outlays and expenditure and the Treasury Secretary is responsible for costing aspects of policies affecting revenue.
The Charter provides that the responsible Secretaries may, jointly, issue written guidelines to be used in the preparation of these costings.
The current Costing Election Commitments guidelines were released by the Secretaries in July 2010 in advance of the 2010 general federal election.