149EContent of statement of performance expectations

1. Each statement of performance expectations must, in relation to a Crown entity and a financial year,—

2. identify each reportable class of outputs for the financial year; and
3. identify each exemption granted under section 149F(1)(a) for the financial year; and
4. state whether the entity proposes to supply any class of outputs in the financial year that is not a reportable class of outputs; and
5. contain forecast financial statements that comply with section 149G.

6. For each reportable class of outputs, the statement of performance expectations must—

7. include a concise explanation of what the class of outputs is intended to achieve; and
8. identify the expected revenue and proposed expenses for the class of outputs; and
9. include a concise explanation of how the performance of the class of outputs will be assessed.

10. A statement of performance expectations—

11. must comply with generally accepted accounting practice; and
12. must be in writing, be dated, and be signed on behalf of the board by 2 members or, in the case of a corporation sole, by the sole member; and
13. is a final statement of performance expectations when it has been signed in accordance with paragraph (b).