Darwin Port Corporation cont… Darwin Port Corporation has commented: Performance targets that would enable the Corporation to assess the extent to which it was likely to achieve the target set in the Territory 2030 have been considered as part of a 5 Year Strategy and the Corporation has implemented a new reporting framework as part of its restructured annual reporting that is recognisant of its Territory 2030 target. In respect to the nature and quality of managerial reporting, the Corporation highlighted to the Auditor General at the time of the audit that its senior management team considered the level of monthly management reports was excessive. Since that time, Management reporting requirements have been consolidated, which has in turn reduced both the volume and the time costs in preparing these reports. A restructured management reporting system was implemented in July 2011, which focuses on critical issues and key indicators.
Darwin Port Corporation cont… Darwin Port Corporation has commented: Performance targets that would enable the Corporation to assess the extent to which it was likely to achieve the target set in the Territory 2030 have been considered as part of a 5 Year Strategy and the Corporation has implemented a new reporting framework as part of its restructured annual reporting that is recognisant of its Territory 2030 target. In respect to the nature and quality of managerial reporting, the Corporation highlighted to the Auditor General at the time of the audit that its senior management team considered the level of monthly management reports was excessive. Since that time, Management reporting requirements have been consolidated, which has in turn reduced both the volume and the time costs in preparing these reports. A restructured management reporting system was implemented in July 2011, which focuses on critical issues and key indicators.
2011_October.docx