26Annual operational plans

26 Annual operational plans

(1) When the Board is preparing the corporate plan under subsection 25(1) or revising the corporate plan under subsection 25(2), it shall prepare an annual operational plan for the earliest financial year to which the corporate plan or the corporate plan as so revised, as the case may be, will relate. (2) The annual operational plan for a financial year shall:

(a) contain an estimate of the Commission’s receipts and expenditure for the financial year; and

(b) specify:

(i) the programs that the Board proposes the Commission to carry out; and

(ii) the resources that the Board proposes to allocate to each such program;

in giving effect to the corporate plan during the financial year.

(3) If the Minister is of the opinion that the annual operational plan is inconsistent with the corporate plan, the Minister may, in writing, request the Board to revise the annual operational plan. (4) The Board may, at any time, revise the annual operational plan, and shall revise the plan if the Minister requests it under subsection (3) to do so and gives written reasons for the request. (5) An annual operational plan, and a revision of an annual operational plan:

(a) shall be submitted to the Minister as soon as practicable after it is prepared; and

(b) has no effect until it is approved, in writing, by the Minister.

(6) The Minister shall approve an annual operational plan, or a revision of an annual operational plan, unless the Minister is of the opinion that the plan, or the plan as proposed to be revised, as the case may be, is inconsistent with the corporate plan.