New South Wales Consolidated Acts

LANDCOM CORPORATION ACT 2001 - SECT 11

11 Statement of priorities to be provided by portfolio Minister

(1) The portfolio Minister may provide to the board of the Corporation, from time to time, a written statement of priorities for the Corporation and its subsidiaries (if any).

(2) A statement of priorities is to specify, in respect of any specified financial year or years:

(a) the urban management priorities for the Corporation and its subsidiaries, expressed in broad terms, as proposed by the portfolio Minister, and

(b) the projects, activities or outcomes to be undertaken or achieved by the Corporation as proposed by the portfolio Minister.

(3) The portfolio Minister must provide the statement of priorities to the board no less than 2 months before the commencement of:

(a) the financial year to which the statement of priorities relates, or

(b) if the statement of priorities relates to more than one financial year, the first of those financial years.

(4) Section 12 does not apply in respect of a statement of priorities unless it is provided to the board of the Corporation within the time required by subsection (3).