Western Australian Current Acts Western Australian Current Acts (1) Subject to
subsection (2), for each budget year a GTE’s board must adopt an annual
performance statement for the GTE in accordance with this Division.
(2) A GTE is not
required to adopt an annual performance statement for the budget year in which
it is first established.
(3) A GTE’s
annual performance statement for a budget year must —
(a) be
in a form acceptable to the Portfolio Minister and the Treasurer; and
(b) be
consistent with the relevant budget papers for the year; and
(c)
contain —
(i)
financial statements (including forward year estimates)
as required by the Treasurer; and
(ii)
performance objectives for the GTE and its subsidiaries
for the budget year; and
(iii)
key performance indicators in respect of the performance
objectives;
and
(d)
outline any issues, projects or initiatives that may —
(i)
materially affect the financial position of the GTE; or
(ii)
lead to the adjustment of the forward year estimates;
and
(e)
outline any issues, projects or initiatives that may materially affect the
attainment of —
(i)
the performance objectives for the GTE and its
subsidiaries; or
(ii)
the key performance indicators in respect of the
performance objectives;
and
(f) if a
dividend formula for the budget year has been notified to the GTE’s
board under section 139(2), set out the formula; and
(g)
contain or address any other matter that the regulations require the annual
performance statement to contain or address; and
(h)
contain or address any other matter that the Portfolio Minister requires the
annual performance statement to contain or address.
(4) The performance
objectives, performance indicators and outlines of issues, projects and
initiatives contained in an annual performance statement must take account of
and reflect the GTE’s statement of expectations.
(5) A GTE’s
annual performance statement may —
(a)
specify the nature and extent of community service obligations that the GTE is
expected to perform; and
(b)
specify information that the GTE must include in reports given under Part 7
Division 1; and
(c)
include any other matter that the GTE and the Portfolio Minister agree to
include.