STATE OWNED CORPORATIONS ACT 1989 - SECT 22 Statement of corporate intent: contents

STATE OWNED CORPORATIONS ACT 1989 - SECT 22

22 Statement of corporate intent: contents

Each statement of corporate intent is required to specify for the group comprising a State owned corporation and its subsidiaries, in respect of the financial year to which it relates and each of the 2 following financial years, the following information--

(a) the objectives of the corporation and of its subsidiaries,

(b) the main undertakings of the corporation and of its subsidiaries,

(c) the nature and scope of the activities to be undertaken,

(d) the accounting policies to be applied in the financial reports of the corporation and of its subsidiaries,

(e) the performance targets and other measures by which the performance of the corporation and of its subsidiaries may be judged in relation to their stated objectives,

(f) the kind of information to be provided to the voting shareholders by the corporation during the course of those financial years, including the information to be included in each half-yearly report,

(g) such other matters as may be agreed on by the voting shareholders and the board from time to time.