Annual reporting information requirements
The Government Sector Finance Act 2018 (GSF Act) annual reporting provisions under Division 7.3 provides for the preparation of annual reporting information and its application to reporting GSF agencies.
Annual reporting information for a reporting GSF agency includes:
- information about the agency’s activities and performance during an annual reporting period for the agency
- the annual financial statements
- audit report concerning the annual financial statements.
Previously, reporting GSF agencies required to prepare annual reporting information was defined by a list of departments, agencies and statutory bodies as prescribed in Schedule 3 to the GSF Regulation 2024.
From 1 July 2025, please refer to the new framework for financial and annual reporting below, which applies for the 2024-25 financial reporting period (or 2025 calendar reporting period) onwards. It outlines the new grouping requirements for who prepares annual reporting information. The framework includes transitional arrangements for annual reporting information for the 2024-25 financial year.
The annual reporting information must be presented under the following mandatory headings:
- Overview
- Strategy
- Operations and performance
- Management and accountability
- Sustainability
- Financial performance.
Annual reporting requirements are specified in:
TD23-11 Annual Reporting Requirements (PDF 403.08KB). This TD includes principles for preparing and publishing the agency’s annual reporting information and when exemptions, extensions and variations can be requested. This TD will be replaced with a new annual reporting TD that supports the framework discussed below.
An agency must:
- prepare their annual reporting information within four months after the end of the annual reporting period
- provide this to the responsible Minister to enable it to be tabled in Parliament as soon as practicable but no later than five months after the end of the annual reporting period.
Climate-related financial disclosures
Treasury is implementing mandatory climate-related financial disclosures for certain annual reporting entities.
New framework for financial and annual reporting
A new framework for financial and annual reporting applies for the 2024-25 annual reporting period. Treasury released draft policies regarding the framework for financial and annual reporting in December 2024. The final policies will be released in July 2025.
The framework TPGs present a comprehensive framework to support legislative requirements for financial and annual information reporting. The framework outlines criteria designed to determine which GSF agencies are required to prepare financial and annual reporting information, as well as set out the appropriate format and content for each. The differential reporting framework categorises agencies into three distinct groups, each with specific, proportionate reporting obligations.
The commencement of elements of the framework are subject to the making of an amendment to the GSF Regulation, and a new Treasurer’s Direction to replace TD23-11 Annual Reporting Requirements. Treasury is releasing the framework TPGs to the sector on a provisional basis to allow agencies to familiarise themselves with the text of the TPGs, and the content requirements for annual reporting information in particular.
Treasury anticipates that it will be in a position to provide further information to agencies in late July 2025 in relation to the amendment to the GSF Regulation and the Treasurer’s Direction.
Framework TPGs:
- TPG25-10 Framework for Financial and Annual reporting (PDF 1.19MB)
- TPG25-10a Group 1 Annual Reports (PDF 645.03KB)
- TPG25-10b Group 2 Annual Information Statement (PDF 556.46KB)
- TPG25-10c Group 3 Financial Information Return (PDF 465.47KB)
- TPG25-10d Former Reporting GSF Agencies including MoG Transferee Agencies (to be published in late July 2025)
- Financial information returns template (XLSX 28.53KB)
Annual reporting contacts
Treasury’s Financial Management Legislation team administers the financial reporting and annual reporting information legislation applicable to GSF agencies. For information on annual reporting requirements contact legislation@treasury.nsw.gov.au.
For information on financial statement accounting matters, please go to the Treasury's Accounting Policy webpage or contact accpol@treasury.nsw.gov.au.
Contact NSW Treasury
For general or media enquiries, complete our online form or visit our Contact us page.
- Address: 52 Martin Place, Sydney, NSW 2000 (Enter via 127 Phillip Street)
- Post: GPO Box 5469, Sydney, NSW 2001