sec.695Corporate plans

sec.695 Corporate plans

The Regulator must, on an annual basis, prepare and give to the responsible Ministers for approval by the Ministers a corporate plan for each 3 year period. The corporate plan must— outline the Regulator’s objectives for the 3 year period; and state how the Regulator’s objectives will be implemented during the 3 year period; and contain a statement outlining the National Performance Measures (Standards and Indicators), determined by the Regulator under subsection (4) , for the 3 year period, including (but not limited to) annual measures for each of the 3 years specifying— the standards expected to be complied with for each year; and the performance indicators proposed to be used for measuring the Regulator’s progress in implementing the Regulator’s objectives during the year; and identify any challenges and risks that the Regulator reasonably believes may have a significant impact, during the 3 year period, on— the Regulator’s ability to implement the Regulator’s objectives; and the achievement of the object of this Law; and the exercise of the Regulator’s functions; and include the Regulator’s proposed budget for each financial year commencing within the 3 year period. The Regulator must, by notice given to the responsible Ministers, advise the Ministers if either of the following occurs— the Regulator makes a significant amendment to its corporate plan; the Regulator becomes aware of an issue that will have a significant impact on its ability to implement the objectives stated in the corporate plan. The Regulator must publish documentation for National Performance Measures on the Regulator’s website and determine National Performance Measures (Standards and Indicators) in accordance with the documentation. s 695 ins 2013 No. 4 s 12 (sec.695-ssec.1) The Regulator must, on an annual basis, prepare and give to the responsible Ministers for approval by the Ministers a corporate plan for each 3 year period. (sec.695-ssec.2) The corporate plan must— outline the Regulator’s objectives for the 3 year period; and state how the Regulator’s objectives will be implemented during the 3 year period; and contain a statement outlining the National Performance Measures (Standards and Indicators), determined by the Regulator under subsection (4) , for the 3 year period, including (but not limited to) annual measures for each of the 3 years specifying— the standards expected to be complied with for each year; and the performance indicators proposed to be used for measuring the Regulator’s progress in implementing the Regulator’s objectives during the year; and identify any challenges and risks that the Regulator reasonably believes may have a significant impact, during the 3 year period, on— the Regulator’s ability to implement the Regulator’s objectives; and the achievement of the object of this Law; and the exercise of the Regulator’s functions; and include the Regulator’s proposed budget for each financial year commencing within the 3 year period. (sec.695-ssec.3) The Regulator must, by notice given to the responsible Ministers, advise the Ministers if either of the following occurs— the Regulator makes a significant amendment to its corporate plan; the Regulator becomes aware of an issue that will have a significant impact on its ability to implement the objectives stated in the corporate plan. (sec.695-ssec.4) The Regulator must publish documentation for National Performance Measures on the Regulator’s website and determine National Performance Measures (Standards and Indicators) in accordance with the documentation.