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CLEAN ENERGY FINANCE CORPORATION ACT 2012 - SECT 74

Extra matters to be included in annual report

  (1)   The annual report prepared by the Board and given to the Minister under section   46 of the Public Governance, Performance and Accountability Act 2013 for a period must do the following:

  (a)   state the total value of section   63 investments as at the end of the period, by reference to the class of clean energy technologies to which the investments relate;

  (b)   set out details of the realisation of any section   63 investments in the period;

  (c)   if, as at the end of the period, less than half of the funds invested for the purposes of the Corporation's investment function are invested in renewable energy technologies--an explanation of the reasons why;

  (d)   state the total value of concessions given by the Corporation in the period;

  (e)   include a balance sheet setting out, as at the end of the period, the assets and liabilities of the Corporation and a statement of cash flows;

  (f)   set out the remuneration and allowances of Board members and senior staff of the Corporation for the period;

  (g)   set out the Corporation's operating costs and expenses for the period;

  (h)   benchmark the Corporation's operating costs and expenses for the period against the operating costs and expenses of other comparable entities for that period;

  (i)   set out details of any procurement contracts to which the Corporation is party that are in force at any time in the period and have a value of more than $80,000;

  (j)   set out details of credits and debits to the Account in the period.

  (2)   An annual report must also do the things referred to in paragraphs   (1)(d) to (i) in relation to each subsidiary of the Corporation in existence at the end of the period.



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