Period and content of statement of corporate intent
12 Period and content of statement of corporate intent
The statement of corporate intent is to cover the relevant financial year.
The statement of corporate intent must be consistent with the strategic development plan for the Chemistry Centre.
The statement of corporate intent must cover the following matters —
major initiatives for achieving strategic objectives (in outline);
major planned achievements (in outline);
operational targets and other measures by which performance may be judged and related to achieving those objectives and planned achievements;
proposed arrangements to facilitate achieving of objectives that do not involve making a profit;
the nature and extent of activities for which a fee is not to be charged;
the cost, method of costing and funding for activities for which a fee is not to be charged;
the cost, method of costing and funding for Chemistry Centre’s community service obligations;
the method of compensating the Chemistry Centre for performing its community service obligations and the extent of that compensation;
proposed pricing arrangements;
operating income and expenditure;
capital expenditure and borrowing requirements (in outline);
the dividend policy for the financial year or the provision proposed to be made for dividends;
reporting on performance in the previous financial year by reference to the previous statement of corporate intent;
other matters that the Minister and the Board agree should be covered.
The Minister may exempt the Chemistry Centre from including any matter, or any aspect of a matter, mentioned in subregulation (3) in the statement of corporate intent.
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