20EPrincipal objectives of statutory SOCs

#### 20E Principal objectives of statutory SOCs 20E Principal objectives of statutory SOCs > > (1) The principal objectives of every statutory SOC are— > > > > > (a) to be a successful business and, to this end— > > > > > > > (i) to operate at least as efficiently as any comparable businesses, and > > > > > > > (ii) to maximise the net worth of the State’s investment in the SOC, and > > > > > (b) to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates, and > > > > > (c) where its activities affect the environment, to conduct its operations in compliance with the principles of ecologically sustainable development contained in section 6 (2) of the [Protection of the Environment Administration Act 1991](/view/html/inforce/current/act-1991-060), and > > > > > (d) to exhibit a sense of responsibility towards regional development and decentralisation in the way in which it operates. > > > (2) Each of the principal objectives of a statutory SOC is of equal importance. > > **s 20E:** Ins 1995 No 32, Sch 1 \[13\].