(1) A GTE must perform
its functions in accordance with its statement of expectations and annual
performance statement and, in particular, must —
(a)
endeavour to pursue performance objectives and attain key performance
indicators contained in its annual performance statement; and
(b)
endeavour to achieve financial outcomes that are consistent with forecasts and
forward year estimates contained in its annual performance statement.
(2) A GTE in
performing its functions must, consistently with its purpose —
(a)
endeavour to achieve policy objectives set out in a policy order applying to
the GTE; and
(b) act
in accordance with prudent commercial principles.