Tasmanian Ports Corporation Act 2005

In this section – relevant financial year, in relation to a statement of corporate intent, means the financial year during which the statement is to be in force in respect of the Corporation.

Before the commencement of each financial year, the Board must prepare a statement of corporate intent, in respect of the Corporation, that is to be in force for that financial year.

A statement of corporate intent of the Corporation must not disclose any information that the Board considers – may, if disclosed – disadvantage or cause damage to the Corporation or its subsidiaries, either directly or indirectly; or enable another person, either directly or indirectly, to gain an advantage; or may otherwise be unlawful, or inappropriate, to disclose publicly.

A draft of a statement of corporate intent prepared under this section in respect of the Corporation is to – relate to the Corporation and its subsidiaries; and be consistent with each of the following:the statement of expectations in respect of the Corporation and its subsidiaries that is in force under section 13A; each direction under section 13B that is in effect in respect of the Corporation and its subsidiaries; the Treasurer’s Instructions that are in force in respect of the Corporation and its subsidiaries; and be in a form, and contain the information, specified in the Treasurer's Instructions; and be provided to the members before – 31 March in the financial year immediately preceding the relevant financial year; or such later day, being a day before the commencement of the relevant financial year, as approved by the members.

After receiving a draft statement of corporate intent under subsection (4)(d), the members may – request that the Board make changes to the draft statement of corporate intent before it is approved under this section; or approve the draft statement of corporate intent if satisfied that – the statement complies with this section; and the statement does not disclose information in contravention of subsection (3).

A statement of corporate intent approved under this section in respect of the Corporation – takes effect on the day on which it is approved by the members under subsection (5)(b); and while it remains in force, is to be published on a website operated by, or on behalf of, the Corporation, so that it is freely available to members of the public.

The Board may amend, or substitute, the statement of corporate intent for the Corporation at any time.

An amendment to a statement of corporate intent, or a substitute statement of corporate intent, for the Corporation takes effect – on the day on which it is approved by the members; or on such later day as is specified in the amended or substituted statement of corporate intent.