QLDIn ForceAct
Government Owned Corporations Act 1993
sec.97Draft corporate plan
Start here
Get a plain-English read of sec.97
Turn the raw legal text into a practical explanation grounded in Government Owned Corporations Act 1993.
### sec.97 Draft corporate plan
The board of a GOC must prepare, and submit to the shareholding Ministers for their agreement, a draft corporate plan—
within 1 month of becoming a GOC; and
not later than 2 months before the start of each subsequent financial year (a subsequent financial year ).
The board and the shareholding Ministers must endeavour to reach agreement on the draft plan as soon as possible and, in the case of a draft corporate plan for a subsequent financial year, in any event not later than the start of the financial year.
s 97 prev s 97 om 2007 No. 10 s 62 sch
pres s 97 amd 2007 No. 10 s 45
(sec.97-ssec.1) The board of a GOC must prepare, and submit to the shareholding Ministers for their agreement, a draft corporate plan— within 1 month of becoming a GOC; and not later than 2 months before the start of each subsequent financial year (a subsequent financial year ).
(sec.97-ssec.2) The board and the shareholding Ministers must endeavour to reach agreement on the draft plan as soon as possible and, in the case of a draft corporate plan for a subsequent financial year, in any event not later than the start of the financial year.
- (a) within 1 month of becoming a GOC; and
- (b) not later than 2 months before the start of each subsequent financial year (a subsequent financial year ).