10Accountability and reporting

10 Accountability and reporting

10 Accountability and reporting

Note—

A Corporation is subject to Divisions 7.2 (Financial reporting) and 7.3 (Annual reporting information for reporting GSF agencies) of the Government Sector Finance Act 2018.

(1) The Treasurer may give directions to a Corporation imposing requirements on the Corporation (accountability and reporting requirements) for or with respect to any one or more of the following—

(a) requirements for the corporate planning to be undertaken by the Corporation, including requirements for the establishment of an annual Statement of Business Intent that is agreed between the Corporation and the Treasurer and that sets out the financial objectives and targets of the Corporation,

(b) requirements for reporting by the Corporation to the Treasurer on the operation and performance of the Corporation,

(c) requirements for disclosure by the Corporation to the Treasurer of matters that may have a material effect on the value of that part of the retained interest for which the Corporation is responsible or the level of financial returns derived by the Corporation from that part of the retained interest.

(2) A Corporation must comply with any accountability and reporting requirements imposed on the Corporation under this section.

(3) The accountability and reporting requirements to which a Corporation is subject under this section do not limit or otherwise affect any obligation of the Corporation under the Government Sector Audit Act 1983 or the Government Sector Finance Act 2018.

s 10: Am 2018 No 70, Sch 4.30[3] [4].