Finance Secretary Direction - 21 August 2022

An updated Finance Secretary Direction was issued and signed by the new Finance Secretary, Jenny Wilkinson PSM, on 21 August 2022. There were no changes made to the information contained within the Direction. Please contact PGPA@finance.gov.au if you have any queries. 

The current Finance Secretary Direction on the Requirements for Performance Information in Portfolio Budget Statements was issued on 21 August 2022. This Direction replaces the version dated 8 December 2021.  

The Direction requires that entities must do the following in their Portfolio Budget Statements (PBS):

1. Map outcomes, programs and performance measures to the entity's key activities as expressed in the current corporate plan.
 

2. Existing programs

For the Budget year and the three forward estimate years, report at least one high level performance measure and planned performance results, including targets where it is reasonably practicable to set a target.

Where applicable, report the estimated date of achievement of the program objectives.
 

3. New or materially changed programs

For the budget year and the three forward estimate years, report all performance measures and planned performance results, including targets where it is reasonably practicable to set a target.

Where applicable, report the estimated date of achievement of the program objectives.
 

4. Expected performance results for the current year

Report expected performance results for the program for the current financial year.
 

5. Linked programs

For each outcome, report the programs of other entities that link to that outcome.

What amendments were made?

The current Finance Secretary Direction was signed and issued by the new Finance Secretary on 21 August 2022.

A revised Direction was issued on 8 December 2021, with its practical application taking effect from the 2022-23 Budget. The Direction was amended to align it with the amendments made to the PGPA Rule in February 2020.

The amended Direction:

  • aligns Direction terminology with terminology used in the PGPA Rule
  • aligns with the requirement to report ‘targets where practicable’ as set out in the PGPA Rule, and
  • improves linkages with the corporate plan through reporting the key activities (as opposed to purposes) expressed in the current corporate plan that each program relates to. 

The Direction also made the reporting of the ‘expected date of achievement of the objectives of the program’ by exception rather than a firm reporting requirement. This acknowledges that the majority of programs are ongoing.

Amendments were also made to the template Table 2 in Section 2 of the PBS to reflect the amended Direction and to provide clarity around the years that the performance measures relate to – current years expected results, budget year and forward estimates.

 


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