Western Australian Consolidated Acts Western Australian Consolidated Acts (1) A statement of
corporate intent must be consistent with the strategic development plan under
Division 1 for the port authority and any subsidiary.
(2) A statement of
corporate intent for a port authority and any subsidiary must
specify —
(a) an
outline of the port authority’s objectives;
(b) an
outline of major planned achievements;
(c)
proposed arrangements to facilitate trade;
(d)
estimates of operating revenue and expenditure;
(e) an
outline of capital expenditure and borrowing requirements;
(f)
proposed pricing arrangements;
(g)
proposed provisions for dividends;
(h) the
performance targets and other measures by which performances may be judged and
related to objectives;
(i)
accounting policies that apply to the preparation of
accounts;
(j) the
type of information to be given to the Minister, including information to be
given in half-yearly and annual reports;
(k) the
nature and extent of community service obligations that are to be performed;
(l) the
costings of, funding for, or other arrangements to make adjustments relating
to, community service obligations;
(m) the
ways in which, and the extent to which, compensation will be made for
performing community service obligations; and
(n) such
other matters as may be agreed on by the Minister and the board of the port
authority.
(3) The Minister may
exempt a port authority from including any matter, or any aspect of a matter,
mentioned in subsection (2) in the statement of corporate intent and any
such exemptions are to be noted in the statement of corporate intent of the
relevant port authority.
(4) A community
service obligation arises for the purposes of subsection (2)
if —
(a) the
Minister specifically requires a port authority to do something;
(b) for
commercial reasons, the port authority would not do the thing if it did not
have to; and
(c) the
Government does not require things of that kind to be done by businesses in
the public or private sector generally.