60Variation of funding rules

60 Variation of funding rules

(1) The Board may prepare a proposed variation of the approved funding rules and give the proposed variation to the Minister. (2) After receiving a proposed variation (including a revised variation), the Minister must, in writing: (a) approve the variation; or (b) request the Board to give the Minister a revised variation to take account of specified concerns of the Minister. (3) If the Minister makes such a request, the Board must comply with the request as soon as reasonably practicable. Approved variation is a legislative instrument (4) A variation (including a revised variation) of the approved funding rules prepared 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.