Document ID: chunk:federal_register_of_legislation:C2004A05097:clause:1_8ag
Version: federal_register_of_legislation:C2004A05097
Segment Type: clause
Provision Reference: sch 1 cl 8AG
Character Range: 19735–21655

8AG  Corporate plan for Telstra

 (1) The members of the Board must prepare a corporate plan at least once a year and give it to the Minister.

 (2) The plan must cover a period of at least 3 years and not more than 5 years.

 (3) If Telstra has subsidiaries, the plan must cover both Telstra and its subsidiaries. In particular, for each subsidiary the plan must include details of the matters in subsection (6), so far as they are applicable.

 (4) The members of the Board must keep the Minister informed about changes to the plan.

 (5) If the Board becomes aware that a particular matter may affect the achievement of the plan, the Board must give the Minister a written notice:
 (a) setting out particulars of the matter; and
 (b) explaining the effect of the matter on the achievement of the plan.

 (6) The plan must include details of the following matters (so far as they are applicable):
 (a) the objectives of the company;
 (b) assumptions about the business environment in which the company operates;
 (c) the business strategies of the company;
 (d) the investment and financing programs of the company, including strategies for managing financial risk;
 (e) financial targets and projections for the company;
 (f) the dividend policy of the company;
 (g) non-financial performance measures for the company;
 (h) community service obligations of the company;
 (i) review of performance against previous corporate plans and targets;
 (j) analysis of factors likely to affect achievement of targets or create significant financial risk for the company or for the Commonwealth;
 (k) price control and quality control strategies for goods or services supplied by the company under a monopoly;
 (l) human resource strategies and industrial relations strategies.

 (7) The plan must also cover any other matters required by the Minister (which may include further details about the matters in subsection (6)).