35Corporate plan

35 Corporate plan

(1) The board of an electricity corporation must prepare a corporate plan each year.

S. 35(2) amended by No. 53/1994 s. 11(5).

(2) The board must give a copy of the proposed plan to the Minister and the Treasurer on or before 31 May in each year or such later date as is determined by the Treasurer.

(3) The proposed corporate plan must be in or to the effect of a form approved by the Minister and the Treasurer and must include—

(a) a statement of corporate intent in accordance with section 36;

S. 35(3)(b) substituted by No. 56/1995 s. 8(4).

(b) a business plan containing such information as the Treasurer or the Minister requires;

S. 35(3)(c) substituted by No. 56/1995 s. 8(4).

(c) financial statements containing such information as the Treasurer requires.

S. 35(3A) inserted by No. 110/1994 s. 9.

(3A) In addition to the matters referred to in subsection (3), the proposed corporate plan of a distribution company must include a statement of the company's bushfire mitigation programs.

(4) The board must consider any comments on the proposed plan that are made to it by the Treasurer or the Minister within 2 months after the plan was submitted to the Treasurer and Minister.

(5) The board must consult in good faith with the Treasurer and the Minister following communication to it of the comments, must make such changes to the plan as are agreed between the Treasurer, the Minister and the board and must deliver the completed plan to the Treasurer and Minister within 2 months after the commencement of the financial year.

(6) The plan, or any part of the plan, must not be published or made available except for the purposes of this Part without the prior approval of the board, the Treasurer and the Minister.

(7) The plan may be modified at any time by the board with the agreement of the Treasurer and the Minister.

(8) If the board, by written notice to the Treasurer and Minister, proposes a modification of the plan, the board may, within 14 days, make the modification unless the Treasurer or Minister, by written notice to the board, directs the board not to make it.

(9) The Treasurer or Minister may, from time to time, by written notice to the board, direct the board to include in, or omit from, a statement of corporate intent, a business plan or a financial statement of a specified kind, any specified matters.

(10) Before giving the direction under this section, the Treasurer and Minister must consult with the board as to the matters to be referred to in the notice.

(11) The board must comply with a direction under this section.