Version as at 1 July 2024 (3) Crown Entities Act 2004 Part 4 s 149G (a) include a concise explanation of what the class of outputs is intended to achieve; and (b) identify the expected revenue and proposed expenses for the class of outputs; and (c) include a concise explanation of how the performance of the class of outputs will be assessed. A statement of performance expectations— (a) must comply with generally accepted accounting practice; and (b) must be in writing, be dated, and be signed on behalf of the board by 2 members or, in the case of a corporation sole, by the sole member; and (c) is a final statement of performance expectations when it has been signed in accordance with paragraph (b). Section 149E: inserted, on 1 July 2014, by section 58 of the Crown Entities Amendment Act 2013 (2013 No 51). 149F Exemption for certain outputs (1) (2) The Minister of Finance may exempt, for 1 or more financial years or until further notice, 1 or more classes of outputs from— (a) any statement of performance expectations required under section 149C or 149D; or (b) any statement of performance required under section 151(1)(b). The Minister of Finance must not exempt a class of outputs from a statement of performance expectations or a statement of performance unless he or she is satisfied that— (a) the class of outputs is not material to the statement; or (b) the class of outputs will be adequately reported on to the House of Representatives by a Minister, a department, or another public entity; or (c) for any other reason, the exemption does not unreasonably compromise accountability for the performance of the Crown entity. Section 149F: inserted, on 1 July 2014, by section 58 of the Crown Entities Amendment Act 2013 (2013 No 51). 149G Forecast financial statements (1) Each statement of performance expectations, in relation to a Crown entity and a financial year, must contain forecast financial statements for the financial year, prepared in accordance with generally accepted accounting practice. (2) The forecast financial statements must include— (a) a statement of all significant assumptions underlying the forecast finan‐ cial statements; and 77