Section 31Part 0 — Agreeing Output and Ownership Performance
Agreement and monitoring of ownership performance
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Each financial year, the Cabinet shall, by way of a budget statement under section 42 or ownership agreement under section 50, agree with each ministry, portfolio, statutory authority or government company the ownership performance it wishes the entity to achieve during that financial year.
The Cabinet shall monitor the ownership performance of the entity during the financial year against the relevant budget statement or ownership agreement and shall take appropriate action if at any time it appears the ownership performance specified in the relevant document will not be achieved.
Defined Terms
ownership performanceownership agreement
Cross References
Referenced By
- Section 45 — Application of Part 4 to Office of the Ombudsman
Section reference