20EStatement of corporate intent

20E Statement of corporate intent

[Section 20E Inserted by No. 18 of 2025, s. 53, Applied:01 Jan 2026]

(1)  In this section –

relevant financial year, in relation to a statement of corporate intent of the Company, means the financial year during which the statement is to be in force in respect of the Company.

(2)  Before the commencement of each financial year, the Board is to prepare a statement of corporate intent, in respect of the Company and its subsidiaries, that is to be in force for that financial year.

(3)  A statement of corporate intent of the Company must not disclose any information that the Board considers –

(a) may, if disclosed –

(i) disadvantage or cause damage to the Company or its subsidiaries, either directly or indirectly; or

(ii) enable another person, either directly or indirectly, to gain an advantage; or

(b) may otherwise be unlawful, or inappropriate, to disclose publicly.

(4)  A draft of a statement of corporate intent prepared under this section in respect of the Company is to –

(a) relate to the Company and its subsidiaries; and

(b) be consistent with each of the following:

(i) the statement of expectations in respect of the Company and its subsidiaries that is in force under section 20 ;

(ii) each direction under section 20A that is in effect in respect of the Company and its subsidiaries;

(iii) the Treasurer’s Instructions that are in force in respect of the Company and its subsidiaries; and

(c) be in a form, and contain the information, specified in the Treasurer's Instructions; and

(d) be provided to the members before –