New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The Board must deliver to the Minister, before the commencement of each racing year, a statement of intent relating to that year and to each of the 2 subsequent racing years.
(2) The statement of intent must set out, for each racing year to which it relates,—
(a) the objectives of the Board:
(b) the nature and scope of the activities to be undertaken:
(c) the performance targets and other measures by which its performance may be judged in relation to its objectives:
(d) a statement of accounting policies.
(3) Before delivering a statement of intent to the Minister, the Board must consult the recognised industry organisations on the proposed statement.
(4) The Minister must present the statement of intent to the House of Representatives not later than 6 sitting days after it has been received by the Minister.
Compare: 1971 No 155 ss 22A, 78A