Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) The directors of a territory-owned corporation must submit to the voting shareholders a draft statement of corporate intent in relation to the corporation or, if the corporation has a subsidiary, in relation to the group, within 3 months after the corporation becomes a territory-owned corporation and at subsequent intervals not exceeding 12 months specified by the Treasurer in writing.
(2) The directors must—
(a) consider any comments made within 1 month of the submission of the draft statement by the voting shareholders; and
(b) consult with the voting shareholders on any of the comments that the directors do not agree with, with a view to reaching agreement; and
(c) make the changes to the draft statement that are necessary to give effect to the comments agreed to and any agreement under paragraph (b); and
(d) give a statement of corporate intent to the voting shareholders within 2 months after the delivery of the draft.
(3) The Portfolio Minister must present a statement of corporate intent to the Legislative Assembly within 15 sitting days after receiving it.
(4) Before presenting a statement to the Legislative Assembly the Portfolio Minister may delete from the statement any part dealing with commercially sensitive information but, if the Portfolio Minister does so, he or she must present to the Legislative Assembly, at the same time as he or she presents the statement, a further statement setting out the general nature of the material deleted and the reason for the deletion.
(5) Except for the purpose of giving effect to an Act, a person must not, before a statement is presented to the Legislative Assembly, publish or disclose information or material that is contained in the statement or in a draft of a proposed statement.