New South Wales Consolidated Acts

GROWTH CENTRES (DEVELOPMENT CORPORATIONS) ACT 1974 - SECT 23

23 Development corporation to prepare annual statement of business intent and other plans and reports

(1) A development corporation is to prepare an annual statement of business intent and submit that statement to the Minister and the Treasurer at such times as the Minister directs.

(2) A statement of business intent is to set out the business plan of the development corporation over the following year (or other period as may be required by the Minister) and is to include each of the following:

(a) the objectives of the corporation,

(b) the intended nature of its activities, including the intended scope of those activities,

(c) the corporation’s performance targets,

(d) the corporation’s accounting and reporting policies and practices,

(e) details of the corporation’s activities in connection with determining, allocating and administering contributions under Divisions 6 and 6A of Part 4 of the Environmental Planning and Assessment Act 1979 ,

(f) any other matter required by the Minister.

(3) A development corporation is to prepare and submit to the Minister and Treasurer such other statements, reports and plans as may be specified in writing by the Minister.

(4) If the Minister or the Treasurer is not satisfied with a statement, report or plan submitted under this section, the Minister may direct the relevant development corporation to amend and resubmit the statement, report or plan in the manner and time specified.