Financial Management Act 1996
84CEO’s functions
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84 CEO’s functions (1) The CEO of a territory authority with a governing board has the following functions: (a) ensuring, as far as practicable, that the authority’s statement of intent is implemented effectively and efficiently; Example of implementation of statement of intent achieving objectives in statement of intent (b) managing the day-to-day operations of the authority in accordance with— (i) applicable governmental policies (if any); and (ii) the policies of the authority set by the board; and (iii) each legal requirement that applies to the authority; Example for par (iii) a direction by the independent competition and regulatory commission that relates to the authority (c) regularly advising the board about the operation and financial performance of the authority; (d) immediately advising the board about significant events.
significant event, for a territory authority, means an event that the authority is required to tell the responsible Minister about under section 101.