Australian Capital Territory Current Acts

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FINANCIAL MANAGEMENT ACT 1996 - SECT 84

CEO's functions

    (1)     The CEO of a territory authority with a governing board has the following functions:

        (a)     ensuring, as far as practicable, that the authority's statement of intent is implemented effectively and efficiently;

Example of implementation of statement of intent

achieving objectives in statement of intent

        (b)     managing the day-to-day operations of the authority in accordance with—

              (i)     applicable governmental policies (if any); and

              (ii)     the policies of the authority set by the board; and

              (iii)     each legal requirement that applies to the authority;

Example for par (iii)

a direction by the independent competition and regulatory commission that relates to the authority

        (c)     regularly advising the board about the operation and financial performance of the authority;

        (d)     immediately advising the board about significant events.

    (2)     In this section:

"significant event", for a territory authority, means an event that the authority is required to tell the responsible Minister about under section 101.



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