Australian Capital Territory Numbered Acts

FINANCIAL MANAGEMENT ACT 1996 (NO. 22 OF 1996) - SECT 58

58. (1) A Territory authority shall, in respect of each financial year, provide to the Treasurer a statement of intent.

(2) A statement of intent shall be in such form as the Treasurer requires and be provided to the Treasurer within such period as the Treasurer specifies.

(3) A statement of intent shall include—

        (a)     an estimated operating statement for the authority for the year;

        (b)     a statement of the assets and liabilities of the authority at the commencement of the year or, if the statement of intent is required to be provided before the commencement of the year, a statement of the assets and liabilities that the authority is expected to have at the commencement of the year;

        (c)     a statement of the assets and liabilities that it is planned that the authority will have at the end of the year;

        (d)     a statement of estimated cash flows of the authority for the year;

        (e)     a statement of the objectives of the authority for the year;

        (f)     a statement of the nature and scope of the activities to be undertaken by the authority during the year;

        (g)     the performance criteria and other measures by which the performance of the authority may be assessed in relation to its objectives for the year; and

        (h)     such other information as the Treasurer directs.