Local Government Act 2002

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59 Principal objective of council-controlled organisation


The principal objective of a council-controlled organisation is to—


achieve the objectives of its shareholders, both commercial and non-commercial, as specified in the statement of intent; and


be a good employer; and


exhibit a sense of social and environmental responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate or encourage these when able to do so; and


if the council-controlled organisation is a council-controlled trading organisation, conduct its affairs in accordance with sound business practice.


In subsection (1)(b), good employer has the same meaning as in clause 36 of Schedule 7.