New South Wales Consolidated Acts

SYDNEY WATER CATCHMENT MANAGEMENT ACT 1998 - SECT 34

34 Statement of financial framework

(1) The Board is to prepare a statement of financial framework for adoption by the Minister and the Treasurer. The statement of financial framework is to be complied with by and in relation to the SCA. It may be amended or replaced from time to time on the recommendation of the Board.

(2) The statement of financial framework is to include, but is not limited to:

(a) a statement of financial purpose, and

(b) provisions for or with respect to the payment by the SCA of dividends, tax-equivalents and guarantee fees, as respectively defined in the statement of financial framework.

(3) Nothing in this section or any other provision of this Act affects the application of section 59B of the Public Finance and Audit Act 1983 to the SCA.