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Accident Compensation Act 2001

Accident Compensation Corporation - Provisions relating to accountability of Corporation

272: Statement of intent

You could also call this:

“The Corporation must make a plan that explains how it will work and use its money”

The Corporation needs to create a statement of intent. This statement must follow the rules set out in this section and in Part 4 of the Crown Entities Act 2004.

The statement of intent needs to include information about several things. It should talk about how the Corporation works with any Crown entity subsidiaries. It should also explain how much the Corporation uses other service providers, including those that are Crown entity subsidiaries.

The statement should say how much the Corporation is allowed to create and register Crown entity subsidiaries. It should also explain how any money made by a Crown entity subsidiary will be shared out.

The statement of intent must also include any other important information that this Act asks for.

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Part 7 Accident Compensation Corporation
Provisions relating to accountability of Corporation

272Statement of intent

  1. The Corporation must prepare a statement of intent in accordance with this section and Part 4 of the Crown Entities Act 2004.

  2. In addition to the matters set out in section 141 of the Crown Entities Act 2004, the statement of intent must set out—

  3. matters relating to the relationship between the Corporation and any Crown entity subsidiary:
    1. matters relating to the nature and extent of the use of other providers of services (including providers that are Crown entity subsidiaries):
      1. the extent to which the Corporation may form and register Crown entity subsidiaries:
        1. matters relating to the allocation of any returns generated by any Crown entity subsidiary:
                    1. any other matters contemplated by any other provision of this Act.

                      Notes
                      • Section 272(1): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
                      • Section 272(2): amended, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).
                      • Section 272(2): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
                      • Section 272(2)(a): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
                      • Section 272(2)(b): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
                      • Section 272(2)(c): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
                      • Section 272(2)(d): amended, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
                      • Section 272(2)(e): repealed, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).
                      • Section 272(2)(f): repealed, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).
                      • Section 272(2)(g): repealed, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).
                      • Section 272(2)(h): repealed, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).
                      • Section 272(2)(i): repealed, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).
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