39Corporate plan

39 Corporate plan

(1)  In each financial year, the Board must prepare a corporate plan for the Government Business Enterprise and its subsidiaries.

(2)  [Section 39 Subsection (2) substituted by No. 42 of 2002, s. 26, Applied:27 Nov 2002] The corporate plan is to –

(a) cover the period specified in the Treasurer's Instructions; and

(b) be in a form and contain the information specified in the Treasurer's Instructions; and

(c) be consistent with the ministerial charter for the Government Business Enterprise.

(3)  [Section 39 Subsection (3) amended by No. 42 of 2002, s. 26, Applied:27 Nov 2002] [Section 39 Subsection (3) amended by No. 42 of 2002, s. 26, Applied:27 Nov 2002] The Board must provide a draft of the corporate plan to the Portfolio Minister and Treasurer not later than 60 days before the day on which the corporate plan will take effect.

(3A)  [Section 39 Subsection (3A) inserted by No. 42 of 2002, s. 26, Applied:27 Nov 2002] The Portfolio Minister or the Treasurer may authorise the Board to provide the draft of a corporate plan under subsection (3) by a day that is later than the day specified in that subsection.

(4)  [Section 39 Subsection (4) amended by No. 42 of 2002, s. 26, Applied:27 Nov 2002] When a draft corporate plan is approved by both the Portfolio Minister and Treasurer it becomes the corporate plan of the Government Business Enterprise.

(5)  [Section 39 Subsection (5) amended by No. 42 of 2002, s. 26, Applied:27 Nov 2002] [Section 39 Subsection (5) amended by No. 42 of 2002, s. 26, Applied:27 Nov 2002] The Portfolio Minister and Treasurer, jointly, must approve a corporate plan, prepared in accordance with this section and .