Northern Territory Consolidated Acts

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TERRITORY INSURANCE OFFICE ACT - SECT 8C

Statements of corporate intent – reports

    (1)     The Office must, within 3 months after the end of each financial year or by a later time approved by the Minister, give the Minister a report for each statement of corporate intent for that year.

    (2)     The report must:

        (a)     specify the Office's performance by reference to the statement; and

        (b)     identify any significant departures from the statement; and

        (c)     specify the reasons for the departures.

    (3)     The Minister must table in the Legislative Assembly a copy of the report within 6 sitting days after receiving it.

    (4)     Before tabling a copy of the report, the Minister:

        (a)     must ask the Board to consider whether it contains any commercially sensitive information; and

        (b)     may delete from it any such information (whether as a result of the Board's advice or not).



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