This legislation has been repealed.
The long term fiscal targets are:
(a) to reduce the level of general government net financial liabilities as a proportion of gross state product to 6 per cent or less by 30 June 2015, and
(b) to maintain underlying general government net debt as a proportion of gross state product at or below its level as at 30 June 2005, unless an increase is required in net debt to reduce one or more components of general government net financial liabilities, and
(c) to eliminate total state sector unfunded superannuation liabilities by 30 June 2030.