15Ministerial statement of expectation

15 Ministerial statement of expectation

[Section 15 Substituted by No. 75 of 2007, s. 7, Applied:01 Jul 2008]

(1)  [Section 15 Subsection (1) amended by No. 42 of 2022, s. 6, Applied:14 Dec 2022] The Minister must provide the Board with a ministerial statement of expectation.

(2)  The Minister may at any time, at his or her discretion or on receipt of an application by the Board –

(a) amend the ministerial statement of expectation; or

(b) revoke the ministerial statement of expectation and substitute another ministerial statement of expectation –

by providing the amendment or substituted ministerial statement of expectation to the Board.

(2A)  [Section 15 Subsection (2A) inserted by No. 42 of 2022, s. 6, Applied:14 Dec 2022] The Minister must review a ministerial statement of expectation as soon as reasonably practicable after the end of the 5-year period after it was provided to the Board under subsection (1) , if the ministerial statement of expectation has not been reviewed, amended, or substituted, at any time within that period.

(2B)  [Section 15 Subsection (2B) inserted by No. 42 of 2022, s. 6, Applied:14 Dec 2022] The Minister may review a ministerial statement of expectation at any time.

(3)  In preparing the ministerial statement of expectation, the Minister must consult with the Board.

(4)  The ministerial statement of expectation and any amendment to the ministerial statement of expectation is to be in writing and signed by the Minister.

(5)  [Section 15 Subsection (5) amended by No. 42 of 2022, s. 6, Applied:14 Dec 2022] The ministerial statement of expectation or an amendment to the ministerial statement of expectation takes effect on a day specified in it, being a day not earlier than the day on which it is provided to the Board under this section.