96. Budget estimates for wholly-owned Commonwealth companies

(1) The directors of a wholly-owned Commonwealth company must:

(a) prepare budget estimates covering the company’s activities for each reporting period for the company, and for any other periods directed by the Finance Minister; and

(b) give the budget estimates to the Finance Secretary in accordance with any directions under subsection (3).

(2) The budget estimates must:

(a) fairly present the estimated financial impacts of the company’s activities for the reporting period or other period; and

(b) comply with any directions under subsection (3); and

(c) be accompanied by any information relating to the budget estimates for the company that is required by any direction under subsection (3).

(3) The Finance Secretary may give written directions to the directors of a Commonwealth company for the purposes referred to in paragraph (1)(b) or subsection (2).

(4) A direction made under subsection (3) is not a legislative instrument.

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Last updated: 13 January 2016