QLDIn ForceAct
Government Owned Corporations Act 1993
sec.98Special procedures in relation to draft corporate plan
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### sec.98 Special procedures in relation to draft corporate plan
The shareholding Ministers may return the draft corporate plan to the board and request it to—
consider or further consider any matter and deal with the matter in the draft plan; and
revise the draft plan in the light of its consideration or further consideration.
The board must comply with the request as a matter of urgency.
If a draft corporate plan has not been agreed to by the shareholding Ministers within 2 months from the day on which the GOC becomes a GOC, the shareholding Ministers may, by written notice, direct the board—
to take specified steps in relation to the draft plan; or
to make specified modifications to the draft plan.
If, in the case of a subsequent financial year, a draft corporate plan has not been agreed to by the shareholding Ministers before the start of the financial year, the shareholding Ministers may, by written notice, direct the board—
to take specified steps in relation to the draft plan; or
to make specified modifications to the draft plan.
The board must immediately comply with a direction under subsection (3) or (4) .
The shareholding Ministers must cause a copy of a direction to be published in the gazette within 21 days after it is given.
s 98 prev s 98 om 2007 No. 10 s 62 sch
pres s 98 amd 2007 No. 10 s 46
(sec.98-ssec.1) The shareholding Ministers may return the draft corporate plan to the board and request it to— consider or further consider any matter and deal with the matter in the draft plan; and revise the draft plan in the light of its consideration or further consideration.
(sec.98-ssec.2) The board must comply with the request as a matter of urgency.
(sec.98-ssec.3) If a draft corporate plan has not been agreed to by the shareholding Ministers within 2 months from the day on which the GOC becomes a GOC, the shareholding Ministers may, by written notice, direct the board— to take specified steps in relation to the draft plan; or to make specified modifications to the draft plan.
(sec.98-ssec.4) If, in the case of a subsequent financial year, a draft corporate plan has not been agreed to by the shareholding Ministers before the start of the financial year, the shareholding Ministers may, by written notice, direct the board— to take specified steps in relation to the draft plan; or to make specified modifications to the draft plan.
(sec.98-ssec.5) The board must immediately comply with a direction under subsection (3) or (4) .
(sec.98-ssec.6) The shareholding Ministers must cause a copy of a direction to be published in the gazette within 21 days after it is given.
- (a) consider or further consider any matter and deal with the matter in the draft plan; and
- (b) revise the draft plan in the light of its consideration or further consideration.
- (a) to take specified steps in relation to the draft plan; or
- (b) to make specified modifications to the draft plan.
- (a) to take specified steps in relation to the draft plan; or
- (b) to make specified modifications to the draft plan.