QLDIn ForceAct
Government Owned Corporations Act 1993
sec.113Community service obligations to be specified in statement of corporate intent
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### sec.113 Community service obligations to be specified in statement of corporate intent
The community service obligations that a GOC is to perform are to be specified in its statement of corporate intent.
The costings of, funding for, or other arrangements to make adjustments relating to, the GOC’s community service obligations are also to be specified in its statement of corporate intent.
The statement of corporate intent is conclusive, as between the Government and the GOC, of—
the nature and extent of the GOC’s community service obligations; and
the ways in which, and the extent to which, the GOC is to be compensated by the Government for performing its community service obligations.
(sec.113-ssec.1) The community service obligations that a GOC is to perform are to be specified in its statement of corporate intent.
(sec.113-ssec.2) The costings of, funding for, or other arrangements to make adjustments relating to, the GOC’s community service obligations are also to be specified in its statement of corporate intent.
(sec.113-ssec.3) The statement of corporate intent is conclusive, as between the Government and the GOC, of— the nature and extent of the GOC’s community service obligations; and the ways in which, and the extent to which, the GOC is to be compensated by the Government for performing its community service obligations.
- (a) the nature and extent of the GOC’s community service obligations; and
- (b) the ways in which, and the extent to which, the GOC is to be compensated by the Government for performing its community service obligations.