The framework for financial and annual reporting (the framework) provides a comprehensive approach to financial and annual reporting for Government Sector Finance (GSF) agencies. This framework introduces a differential reporting model, setting criteria to enable agencies to self-assess into one of three groups.

The framework sets out the minimum, mandatory requirements for annual reporting. The accountable authority for a GSF agency should consider whether it is appropriate to include additional information in their annual reporting information, having regard to the needs of the GSF agency’s stakeholders and the principles for preparing and publishing annual reporting information.

Introducing the reporting groups

The framework takes a holistic view of GSF agency reporting under the GSF Act and provides criteria for agencies to self-assess in one of three groups, based on a combination of qualitative criteria and quantitative criteria. Each group is subject to different levels of financial and annual reporting requirements appropriate to the size and nature of the agencies in that group.

The differential reporting groups provide a framework that meets the needs of both the preparing agency and the intended audience.

The framework includes TPG25-10 and the supporting TPGs below. TPG25-10 serves as the foundational policy, setting the overall legislative and policy context, and establishing the primary requirements. Other TPGs in the framework focus on the specific reporting requirements for each reporting group.

Reporting requirements

• TPG25-10a Group 1 - Annual Report

• TPG25-10b Group 2 – Annual Information Statement

• TPG25-10c Group 3 - Financial Information Return