61Territory authority statements of intent

61 Territory authority statements of intent (1) A territory authority must give the Treasurer a statement (a statement of intent) for each financial year. (2) A territory authority must consult the responsible Minister in preparing a statement of intent. (3) A territory authority must show the responsible Minister a copy of the proposed statement of intent, and take into consideration any comment by the Minister, before giving it to the Treasurer. (4) A statement of intent must be— (a) in the form the Treasurer requires; and (b) in a form that facilitates a comparison between— (i) the proposed statement of intent for the authority; and (ii) the statement of intent for the authority for the previous (iii) the estimated results for the authority for the previous (c) as agreed between the relevant person for the authority and the Treasurer; and

(d) provided to the Treasurer within the period the Treasurer requires. (5) A statement of intent for a financial year must include the following: management guidelines; (b) for a financial statement mentioned in paragraph (a)—budget estimates for each of the next 3 financial years; (c) a statement of the objectives of the authority for the year and each of the next 3 financial years; (d) a statement of the nature and scope of the activities to be carried out by the authority during the year and each of the next 3 financial years; (e) for a territory authority that, during the year, is to be given a capital injection that must be repaid—a statement that— (i) states that the capital injection is an injection that must be repaid; and which it must be repaid; (f) the results of any review under section 59 (10) in the previous financial year of an overdraft or credit facility approved for the authority; (g) any other information the Treasurer directs. (6) Also, a statement of intent for a prescribed territory authority for a financial year must include a statement that sets out— (a) the outputs and classes of outputs it is proposed that the authority should provide during the year; and (b) the performance criteria to be met by the authority in providing the outputs; and

(c) for each output and class of output mentioned in paragraph (a)— (i) the proposed budget expense and proposed appropriation for the financial year; and (ii) the estimated expense and appropriation for the previous (7) In addition, the statement of intent for a territory authority that is not a prescribed territory authority for a financial year must include the following: (a) the performance criteria and other measures by which the performance of the authority may be assessed against its objectives for the year and each of the next 3 financial years; (b) an assessment of the performance (or estimated performance) of the authority in the previous financial year against its objectives for that year. (8) In this section: relevant person, for a territory authority, means—