QLDIn ForceAct
Government Owned Corporations Act 1993
sec.106Additional matters may be included in statement of corporate intent
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### sec.106 Additional matters may be included in statement of corporate intent
A GOC’s statement of corporate intent may include the following additional matters—
an outline of the GOC’s objectives;
an outline of the nature and scope of the activities proposed to be undertaken by the GOC during the relevant financial year;
an outline of the GOC’s main undertakings during the relevant financial year;
the GOC’s capital structure and dividend policies;
an outline of the major infrastructure investments proposed to be undertaken by the GOC during the relevant financial year;
an outline of the borrowings made, and proposed to be made, by the GOC;
an outline of the policies adopted by the GOC to minimise and manage any risk of investments and borrowings that may adversely affect its financial stability;
an outline of the GOC’s policies and procedures relating to the acquisition and disposal of major assets;
the GOC’s accounting policies that apply to the preparation of its accounts;
the type of information to be given to the shareholding Ministers, including information to be given in quarterly and annual reports.
Subsection (1) does not limit the matters that may be included in a statement of corporate intent.
s 106 amd 1998 No. 21 s 21
(sec.106-ssec.1) A GOC’s statement of corporate intent may include the following additional matters— an outline of the GOC’s objectives; an outline of the nature and scope of the activities proposed to be undertaken by the GOC during the relevant financial year; an outline of the GOC’s main undertakings during the relevant financial year; the GOC’s capital structure and dividend policies; an outline of the major infrastructure investments proposed to be undertaken by the GOC during the relevant financial year; an outline of the borrowings made, and proposed to be made, by the GOC; an outline of the policies adopted by the GOC to minimise and manage any risk of investments and borrowings that may adversely affect its financial stability; an outline of the GOC’s policies and procedures relating to the acquisition and disposal of major assets; the GOC’s accounting policies that apply to the preparation of its accounts; the type of information to be given to the shareholding Ministers, including information to be given in quarterly and annual reports.
(sec.106-ssec.2) Subsection (1) does not limit the matters that may be included in a statement of corporate intent.
- (a) an outline of the GOC’s objectives;
- (b) an outline of the nature and scope of the activities proposed to be undertaken by the GOC during the relevant financial year;
- (c) an outline of the GOC’s main undertakings during the relevant financial year;
- (d) the GOC’s capital structure and dividend policies;
- (e) an outline of the major infrastructure investments proposed to be undertaken by the GOC during the relevant financial year;
- (f) an outline of the borrowings made, and proposed to be made, by the GOC;
- (g) an outline of the policies adopted by the GOC to minimise and manage any risk of investments and borrowings that may adversely affect its financial stability;
- (h) an outline of the GOC’s policies and procedures relating to the acquisition and disposal of major assets;
- (i) the GOC’s accounting policies that apply to the preparation of its accounts;
- (j) the type of information to be given to the shareholding Ministers, including information to be given in quarterly and annual reports.