Statement of corporate intent—contents
42 Statement of corporate intent—contents
Each statement of corporate intent must specify for the Authority and its subsidiaries (if any), in respect of the financial year to which it relates and each of the 4 following financial years, the following information—
the business objectives of the Authority and of its subsidiaries;
the main undertakings of the Authority and of its subsidiaries;
the nature and scope of the activities to be undertaken by the Authority and its subsidiaries;
the accounting policies to be applied in the fund or accounts of the Authority and its subsidiaries;
the performance targets and other measures by which the performance of the Authority and of its subsidiaries (if any) may be judged in relation to their stated business objectives;
the kind of information to be provided to the Minister and the Treasurer by the Authority during the course of those financial years;
such other matters as may be agreed on in writing by the Minister, the Treasurer and the board;
any prescribed matter.
This Act’s bill:Explanatory memorandumSecond reading speech
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