22Variation of general funding strategy

#### 22 Variation of general funding strategy (1) The Board must, during a financial year, regularly review the general funding strategy that is in force for the year and consider if any variations should be made to the strategy. (2) The Board may vary a general funding strategy. (3) A variation must be in writing. (4) As soon as practicable after developing a variation, the Board must give a copy of the variation to the Minister for approval. (4A) Before approving a variation, the Minister must consult the Finance Minister. (5) A variation comes into force at the later of the following times: (a) the time when the Minister approves the variation; (b) the commencement time specified in the instrument of variation (not being a time before the instrument is made). (6) A variation developed by the Board and approved by the Minister is a legislative instrument made by the Minister on the day on which the variation is approved, but section 42 (disallowance) of the Legislation Act 2003 does not apply to a variation.