NSWIn ForceAct
State Owned Corporations Act 1989
24AAnnual reporting information: statutory SOCs
Start here
Get a plain-English read of 24A
Turn the raw legal text into a practical explanation grounded in State Owned Corporations Act 1989.
#### 24A Annual reporting information: statutory SOCs
24A Annual reporting information: statutory SOCs
> **s 24A, hdg:** Ins 1995 No 32, Sch 1 \[17\]. Am 2005 No 98, Sch 1.24 \[11\]. Subst 2018 No 70, Sch 4.95\[2\].
>
> The annual reporting information prepared for a statutory SOC under the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055) is to include a section that—
>
> > (a) identifies any actual departures from the performance targets (including financial targets) set out in the statement of corporate intent for the SOC for the period to which the report relates, and
>
> > (b) sets out the reasons for each of the departures from the performance targets.
>
> Note.
>
> Both company SOCs and statutory SOCs are GSF agencies under the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055) and therefore subject to its provisions (including in relation to the preparation of annual reporting information).
>
> **s 24A:** Ins 1995 No 32, Sch 1 \[17\]. Subst 2018 No 70, Sch 4.95\[2\].