62Presentation of statements of intent of territory

62 Presentation of statements of intent of territory (1) This section does not apply if a territory authority presents a proposed budget to the Legislative Assembly under section 10 (c). (2) The Treasurer must present to the Legislative Assembly, with the budget papers for a financial year, a statement of intent for each territory authority for the year.

(3) If the Treasurer does not present to the Legislative Assembly, with the budget papers for a financial year, a statement of intent for a territory authority, the Treasurer must— (a) as soon as practicable after the budget papers are presented, explain to the Legislative Assembly why the statement of intent was not presented; and (b) present the statement of intent to the Legislative Assembly as soon as practicable after presenting the budget papers.