20EStatement of corporate intent

### 20E Statement of corporate intent > [*\[Section 20E Inserted by No. 18 of 2025, s. 53, Applied:01 Jan 2026\]*](/view/html/inforce/2026-01-01/act-2025-018#GS53@EN) > > > (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](#GS20@EN) ; > > > > > > > > > > > (ii) each direction under [section 20A](#GS20A@EN) 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 – > > > > > > > > > > (i) 31 March in the financial year immediately preceding the relevant financial year; or > > > > > > > > > > > (ii) such later day, being a day before the commencement of the relevant financial year, as approved by the members. > > > (5)  After receiving a draft statement of corporate intent under [subsection (4)(d)](#GS20E@Gs4@Hpd@EN) , the members may – > > > > > > (a) request that the Board make changes to the draft statement of corporate intent before it is approved under this section; or > > > > > > > (b) approve the draft statement of corporate intent if satisfied that – > > > > > > > > > > (i) the statement complies with this section; and > > > > > > > > > > > (ii) the statement does not disclose information in contravention of [subsection (3)](#GS20E@Gs3@EN) . > > > (6)  A statement of corporate intent approved under this section in respect of the Company – > > > > > > (a) takes effect on the day on which it is approved by the members under [subsection (5)(b)](#GS20E@Gs5@Hpb@EN) ; and > > > > > > > (b) while it remains in force, is to be published on a website operated by, or on behalf of, the Company, so that it is freely available to members of the public. > > > (7)  The Board may amend, or substitute, the statement of corporate intent for the Company at any time. > > > (8)  An amendment to a statement of corporate intent, or a substitute statement of corporate intent, for the Company takes effect – > > > > > > (a) on the day on which it is approved by the members; or > > > > > > > (b) on such later day as is specified in the amended or substituted statement of corporate intent.