Western Australian Consolidated Acts Western Australian Consolidated Acts (1) In
subsection (3) —
community service obligations means obligations to
perform functions or to meet performance targets that it is not in the
commercial interests of the corporation concerned to perform or to meet.
(2) The statement of
corporate intent of a corporation must be consistent with the strategic
development plan under Division 1 for the corporation and any subsidiary.
(3) The statement of
corporate intent for a corporation and any subsidiary must
specify —
(a) the
performance targets and other measures by which performances may be judged in
relation to objectives for the relevant financial year;
(b) an
outline of objectives;
(c) an
outline of the nature and scope of the functions proposed to be performed
during the relevant financial year;
(d) an
outline of main undertakings during the relevant financial year;
(e) the
dividend policy for the relevant financial year;
(f)
accounting policies that apply to the preparation of accounts;
(g) the
type of information to be given to the Minister, including information to be
given in quarterly and annual reports;
(h) the
nature and extent of community service obligations that are to be performed;
(i)
the costings of, funding for, or other arrangements to
make adjustments relating to, community service obligations;
(j) the
ways in which, and the extent to which, compensation will be made for
performing community service obligations; and
(k) such
other matters as may be agreed on by the Minister and the board.
(4) The Minister may
exempt a corporation from including any matter, or any aspect of a matter,
mentioned in subsection (3) in its statement of corporate intent.
(5) The regulations
may make provision, not inconsistent with this section, for and in relation to
the form and content of statements of corporate intent.
(6) The regulations
may also make special provision —
(a) for
and in relation to the content of statements of corporate intent for the
Electricity Networks Corporation; and
(b) for
the Minister administering the Electricity Industry Act 2004 to be
consulted on the content of those statements,
so far as they apply
to the performance of the corporation’s functions under
section 41(c).
(7) Regulations are
not to be made for subsections (5) and (6) except after consultation
with the Treasurer.