Part 4Crown entity reporting and financial obligations
Reporting obligations: Planning: statement of performance expectations
149DStatement of performance expectations for newly established Crown entities
As soon as practicable after a Crown entity is established, the Crown entity must comply with section 149C as if it were the start of the financial year.
However, if the Crown entity is established during the last 4 months of its financial year, the responsible Minister may—
- waive the requirement for the entity to comply with subsection (1); and
- require the entity's first statement of performance expectations to cover the period from the date on which the entity is established until the end of the entity's first full financial year.
The responsible Minister may, at any time before the entity's first statement of performance expectations becomes final (see section 149E(3)(c)), give directions to the Crown entity on any matters referred to in section 149E, other than the forecast financial statements referred to in section 149E(1)(d).
The directions apply as if they were the Crown entity's statement of performance expectations until the entity's first statement of performance expectations becomes final.
Sections 113 to 115 apply to the directions.
Notes
- Section 149D: inserted, on , by section 58 of the Crown Entities Amendment Act 2013 (2013 No 51).