Australian Capital Territory Current Acts

FINANCIAL MANAGEMENT ACT 1996 - SECT 77

    (1)     If a territory authority has a governing board, the governing board has the following functions:

        (a)     setting the authority's policies and strategies;

        (b)     governing the authority consistently with the authority's establishing Act and other relevant legislation;

        (c)     ensuring, as far as practicable, that the authority operates in a proper, effective and efficient way;

        (d)     ensuring, as far as practicable, that the authority complies with applicable governmental policies (if any).

Examples of policies for par (a)

1     risk management

2     communication with government

3     corporate planning

    (2)     This section does not limit the functions of a governing board.