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Crown Entities Act 2004

Crown entity reporting and financial obligations - Reporting obligations - Planning: statement of performance expectations

149F: Exemption for certain outputs

You could also call this:

"Some information doesn't have to be included in reports if it's not important or will be reported elsewhere."

Illustration for Crown Entities Act 2004

The Minister of Finance can choose to exempt some outputs from certain reports for one or more financial years. You might be exempt from including some information in a statement of performance expectations, which is required under section 149C or 149D, or in a statement of performance required under section 151(1)(b).

The Minister of Finance will only exempt some outputs if they are not important to the report, or if they will be reported on by a Minister, a department, or another public entity, or if there is another good reason that does not compromise accountability.

When the Minister of Finance decides to exempt some outputs, they must be satisfied that it will not unreasonably compromise accountability for how well the Crown entity is performing.

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149E: Content of statement of performance expectations, or

"What a Crown entity plans to do and how it will measure its success"

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149G: Forecast financial statements, or

"A Crown entity's forecast financial statements: plans for how much money they think they will have and spend."

Part 4Crown entity reporting and financial obligations
Reporting obligations: Planning: statement of performance expectations

149FExemption for certain outputs

  1. The Minister of Finance may exempt, for 1 or more financial years or until further notice, 1 or more classes of outputs from—

  2. any statement of performance expectations required under section 149C or 149D; or
    1. any statement of performance required under section 151(1)(b).

      1. The Minister of Finance must not exempt a class of outputs from a statement of performance expectations or a statement of performance unless he or she is satisfied that—

      2. the class of outputs is not material to the statement; or
        1. the class of outputs will be adequately reported on to the House of Representatives by a Minister, a department, or another public entity; or
          1. for any other reason, the exemption does not unreasonably compromise accountability for the performance of the Crown entity.

            Notes
            • Section 149F: inserted, on , by section 58 of the Crown Entities Amendment Act 2013 (2013 No 51).