(1) The statement of
corporate intent shall be consistent with the strategic development plan under
Division 1.
(2) The statement of
corporate intent for the Corporation shall specify —
(a) an
outline of objectives;
(b) an
outline of the nature and scope of the functions proposed to be performed
during the relevant financial year;
(ba) the
performance targets and other measures by which performance may be judged and
related to objectives;
(c) the
dividend policy for the relevant financial year;
(d)
accounting policies that apply to the preparation of accounts;
(e) the
type of information to be given to the Minister, including information to be
given in quarterly and annual reports; and
(f) such
other matters as may be agreed on by the Minister and the board.
(3) The Minister may
exempt the Corporation from including any matter, or any aspect of a matter,
mentioned in subsection (2) in the statement of corporate intent.
[Section 16K inserted: No. 25 of 1998 s. 18;
amended: No. 24 of 2000 s. 47; No. 28 of 2006 s. 450.]