Territory-owned Corporations Act 1990

A statement of corporate intent must, in relation to the territory‑owned corporation or the group of companies comprising a territory-owned corporation and any subsidiaries, contain the following in relation to the financial year it relates to and each of the 2 next following financial years:

the commercial objectives of the corporation or group;

a description of the main undertakings of the corporation or group;

a description of the nature and scope of the activities to be undertaken;

business and corporate strategies;

the targets and performance measurements by which the performance of the corporation or group may be judged in relation to its stated objectives;

any other information that the voting shareholders may have requested in writing the directors of the territory-owned corporation to include in the statement.

A statement of corporate intent must relate to—

for the first statement of a territory-owned corporation—the financial year that ends on 30 June next following the day when the company becomes a territory-owned corporation; and

in any other case—the financial year during which the statement is to be given to the voting shareholders.