(1) A territory authority must give the Treasurer a statement (a statement of intent ) for each financial year.
(2) A territory authority must consult the responsible Minister in preparing a statement of intent.
(3) A territory authority must show the responsible Minister a copy of the proposed statement of intent, and take into consideration any comment by the Minister, before giving it to the Treasurer.
(4) A statement of intent must be—
(a) in the form the Treasurer requires; and
(b) in a form that facilitates a comparison between—
(i) the proposed statement of intent for the authority; and
(ii) the statement of intent for the authority for the previous financial year; and
(iii) the estimated results for the authority for the previous financial year; and
(c) as agreed between the relevant person for the authority and the Treasurer; and
(d) provided to the Treasurer within the period the Treasurer requires.
(5) A statement of intent for a financial year must include the following:
(a) the financial statements required under the financial management guidelines;
(b) for a financial statement mentioned in paragraph (a)—budget estimates for each of the next 3 financial years;
(c) a statement of the objectives of the authority for the year and each of the next 3 financial years;
(d) a statement of the nature and scope of the activities to be carried out by the authority during the year and each of the next 3 financial years;
(e) for a territory authority that, during the year, is to be given a capital injection that must be repaid—a statement that—
(i) states that the capital injection is an injection that must be repaid; and
(ii) sets out the conditions under which the injection is to be given, including the requirements about the time within which it must be repaid;
(f) the results of any review under section 59 (10) in the previous financial year of an overdraft or credit facility approved for the authority;
(g) any other information the Treasurer directs.
(6) Also, a statement of intent for a prescribed territory authority for a financial year must include a statement that sets out—
(a) the outputs and classes of outputs it is proposed that the authority should provide during the year; and
(b) the performance criteria to be met by the authority in providing the outputs; and
(c) for each output and class of output mentioned in paragraph (a)—
(i) the proposed budget expense and proposed appropriation for the financial year; and
(ii) the estimated expense and appropriation for the previous financial year.
(7) In addition, the statement of intent for a territory authority that is not a prescribed territory authority for a financial year must include the following:
(a) the performance criteria and other measures by which the performance of the authority may be assessed against its objectives for the year and each of the next 3 financial years;
(b) an assessment of the performance (or estimated performance) of the authority in the previous financial year against its objectives for that year.
(8) In this section:
"relevant person", for a territory authority, means—
(a) if the authority has a governing board—the chair of the governing board; or
(b) if the authority does not have a governing board—the chief executive officer.