Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) The board of a Government owned corporation must prepare and submit to the shareholding Minister a draft written statement of corporate intent.
(2) The board must:
(a) consult in good faith with the shareholding Minister;
(b) make the changes to the draft statement that are agreed between the shareholding Minister and the board; and
(c) deliver the completed written statement to the shareholding Minister (incorporating the changes, if any, made under paragraph (b)) not later than one month before the commencement of the financial year to which the statement relates or by a date agreed between the board and shareholding Minister.
(3) The statement may be modified at any time by the board with the agreement of the shareholding Minister.
(4) The shareholding Minister may, from time to time, by written notice to the board, direct the board to include in, or delete from, a statement of corporate intent any matters specified in the direction.
(5) Before giving a direction under this section, the shareholding Minister is to consult with the board of the Government owned corporation as to the matters to be referred to in the notice.
(6) The Government owned corporation must comply with a direction given under this section.
(7) The shareholding Minister must table in the Legislative Assembly a copy of:
(a) the completed statement of corporate intent for a Government owned corporation, or a modification of the statement – within 6 sitting days after the commencement of the financial year to which the statement relates or after the date agreed between the board and shareholding Minister under subsection (2)(c); or
(b) a direction under this section – within 6 sitting days after the date the shareholding Minister gave the direction.
(8) Before a copy of a document is tabled in the Legislative Assembly under this section, the shareholding Minister may delete from the document information that is of a commercially sensitive nature.
(9) A document referred to in this section may not, before it is tabled in the Legislative Assembly, be published or made available to the public without the approval of the board and the shareholding Minister.