11FStatement of corporate intent

11F Statement of corporate intent

[Section 11F Inserted by No. 18 of 2025, s. 8, Applied:01 Jan 2026]

(1)  In this section –

relevant financial year, in relation to a statement of corporate intent of a company, means the financial year during which the statement is to be in force in respect of the company.

(2)  Before the commencement of each financial year, a board of directors must prepare a statement of corporate intent, in respect of the company and its subsidiaries, that is to be in force for that financial year.

(3)  A statement of corporate intent of a company must not disclose any information that the board of directors considers –

(a) may, if disclosed –

(i) disadvantage or cause damage to the company or its subsidiaries, either directly or indirectly; or

(ii) enable another person, either directly or indirectly, to gain an advantage; or

(b) may otherwise be unlawful, or inappropriate, to disclose publicly.

(4)  A draft of a statement of corporate intent prepared under this section in respect of a company is to –

(a) relate to the company and its subsidiaries; and

(b) be consistent with each of the following:

(i) the statement of expectations in respect of the company and its subsidiaries that is in force under section 11A ;

(ii) each direction under section 11B that is in effect in respect of the company and its subsidiaries;

(iii) the Treasurer’s Instructions that are in force in respect of the company and its subsidiaries; and

(c) be in a form, and contain the information, specified in the Treasurer's Instructions; and

(d) be provided to the members of the company before –