Governance

The Land Development Corporation will be accountable and act commercially in accordance with:

• The Land Development Corporation Act 2003 and its regulations
• Relevant Northern Territory and Australian government legislation
• Ministerial and Cabinet directions pursuant to section 8 of the Land Development Corporation Act 2003
• Sound business and financial management practices, including a program of internal and external audit
• Northern Territory Government policies and objectives for the conduct of its Government Business Divisions including, importantly, the principle of competitive neutrality
• Prudent risk management practices, including implementing an effective risk minimisation strategy through regular due diligence reviews.