153 Form and content of statement of performance

A statement of performance must, in relation to a Crown entity and a financial year,—

(a)

be prepared in accordance with generally accepted accounting practice; and

(b)

describe each reportable class of outputs for the financial year; and

(c)

include, for each reportable class of outputs identified in the entity’s statement of performance expectations for the financial year,—

(i)

the standards of delivery performance achieved by the entity, as compared with the forecast standards included in the entity’s statement of performance expectations for the financial year; and

(ii)

the actual revenue earned and output expenses incurred, as compared with the expected revenues and proposed output expenses included in the entity’s statement of performance expectations for the financial year.

Section 153: replaced, on 1 July 2014, by section 63 of the Crown Entities Amendment Act 2013 (2013 No 51).