Consultation with Treasury

Treasury has responsibility for advising the Minister of Finance on all proposals to Cabinet with:

economic implications;
financial or fiscal (expenditure or revenue) implications;
implications for the Public Finance Act 1989;
regulatory implications, that is, proposals for primary legislation or regulations as defined in the Regulations (Disallowance) Act 1989.

When it becomes apparent during the policy development stage that a policy proposal has any of these implications:

the Treasury must be consulted on all Cabinet papers that have financial, fiscal, economic or regulatory implications, or that contain recommendations on expenditure or revenue;
the Treasury must be allowed reasonable time to comment (a minimum of two weeks, unless there are compelling and unavoidable reasons for it to be less);
the implications must be detailed in the Cabinet paper and in an accompanying regulatory impact statement (if applicable).

Context