19General funding strategy

#### 19 General funding strategy (1) The Board must, for the 2012‑2013 financial year and each later financial year, develop a general funding strategy for the provision of financial assistance under this Act. (2) The general funding strategy for the 2012‑2013 financial year must be developed as soon as practicable after the start of that year. A general funding strategy for a later financial year must be developed during the previous financial year. (2A) In developing a general funding strategy for a financial year, the Board must have regard to the most recent statement of expectations for ARENA issued by the Minister and Finance Minister jointly. (3) A general funding strategy must: (a) be in writing; and (b) be expressed to relate to the financial year for which the strategy is developed and the next 2 financial years; and (c) state ARENA’s principal objectives and priorities for the provision of financial assistance under this Act during the financial year for which the strategy is developed and the next 2 financial years. (4) A general funding strategy must not require financial assistance to be provided to a particular person, or for a particular project.