11FStatement of corporate intent

### 11F Statement of corporate intent > [*\[Section 11F Inserted by No. 18 of 2025, s. 8, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS8@EN) > > > (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](#GS11A@EN) ; > > > > > > > > > > > (ii) each direction under [section 11B](#GS11B@EN) 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 – > > > > > > > > > > (i) 31 March in the financial year immediately preceding the relevant financial year; or > > > > > > > > > > > (ii) such later day, being a day before the commencement of the relevant financial year, as approved by the members. > > > (5)  After receiving a draft statement of corporate intent under [subsection (4)(d)](#GS11F@Gs4@Hpd@EN) , the members of a company may – > > > > > > (a) request that the board of directors make changes to the draft statement of corporate intent before it is approved under this section; or > > > > > > > (b) approve the draft statement of corporate intent if satisfied that – > > > > > > > > > > (i) the statement complies with this section; and > > > > > > > > > > > (ii) the statement does not disclose information in contravention of [subsection (3)](#GS11F@Gs3@EN) . > > > (6)  A statement of corporate intent approved under this section in respect of a company – > > > > > > (a) takes effect on the day on which it is approved by the members of the company under [subsection (5)(b)](#GS11F@Gs5@Hpb@EN) ; and > > > > > > > (b) while it remains in force, is to be published on a website operated by or on behalf of the company, so that it is freely available to members of the public. > > > (7)  The board of directors of a company may amend or substitute the statement of corporate intent for the company at any time. > > > (8)  An amendment to a statement of corporate intent, or a substitute statement of corporate intent, for a company takes effect – > > > > > > (a) on the day on which it is approved by the members of the company; or > > > > > > > (b) on such later day as is specified in the amended or substituted statement of corporate intent.