Territory Stories

TIO MAC Report Statement of Corporate Intent 1 July 2008-30 June 2009

Details:

Title

TIO MAC Report Statement of Corporate Intent 1 July 2008-30 June 2009

Other title

Tabled paper 541

Collection

Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT

Date

2009-10-19

Description

Deemed paper

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/280445

Citation address

https://hdl.handle.net/10070/416074

Page content

INTRODUCTION The Territory Insurance Office (TIO) is a statutory entity established under the Territory Insurance Office Act 1979. The TIO Board is responsible to the shareholding Minister for TIO's operations and financial performance. Each year TIO sets out in a Statement of Corporate Intent (SCI): strategic objectives, scope of business, risk management strategies and financial performance targets over a three year period. Following each financial year TIO provides a report to the Minister reviewing the past years performance and achievements. In accordance with section 8C of the Territory Insurance Office Act TIO is required to provide a SCI report: (1) The Office must, within 3 months after the end of each financial year or by a later time approved by the Minister, give the Minister a report for each statement of corporate intent for that year. (2) The report must: (a.) Specify the Office's performance by reference to the statement; and (b.) Identify any significant departures from the statement; and (c.) Specify the reasons for the departures. (3) The Minister must table in the Legislative Assembly a copy of the report within 6 sitting days after receiving it. (4) Before tabling a copy of the report, the Minister: (a.) Must ask the Board to consider whether it contains any commercially sensitive information; and (b.) May delete from it any such information (whether as a result of the Board's advice or not).


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