Explanatory Notes

Fiscal Responsibility Act 2010

2010 CHAPTER 3

10 February 2010

Commentary on Sections and Schedules

Section 4: Accountability to Parliament

24.Subsection (1) provides that all reports described in section 3 must be laid before Parliament.

25.Subsection (2) provides that accountability in relation to the duties imposed by section 1 and imposed by Order under section 2 is solely by way of reports laid before Parliament as required by or under section 3.

26.Subsection (3) provides that the fact that the duties in section 1, or a duty in an Order made by the Treasury under section 2, are not complied with does not affect the lawfulness of anything done, or omitted to be done, by any person.