25Corporate plan

25 Corporate plan

(1)  In each year, the Homes Tasmania Board is to prepare a draft corporate plan in respect of a period of at least 3 years commencing on 1 July in that year.

(2)  The draft corporate plan is to include the following:

(a) a statement of Homes Tasmania's objectives, policies and programs and how they comply with the statement of expectations;

(b) a statement of Homes Tasmania’s financial plans for the period to which the plan is to relate;

(c) the major strategies to be used to achieve the objectives of Homes Tasmania and give effect to the policies, programs and financial plans;

(d) the targets to be met by Homes Tasmania in achieving its objectives, policies, programs and financial plans and the criteria for assessing the achievement of those targets.

(3)  The Homes Tasmania Board is to provide the Minister with a copy of a draft corporate plan, prepared under subsection (1) , at least 2 months before the plan is to commence.

(4)  The Minister, in consultation with the Treasurer, may –

(a) approve the draft corporate plan provided under subsection (3) or in accordance with a requirement under paragraph (b) ; or

(b) require the Homes Tasmania Board to amend the draft corporate plan one or more times before the Minister approves it under paragraph (a) .

(5)  On being approved by the Minister under subsection (4)(a) , the draft corporate plan becomes the corporate plan of Homes Tasmania for the period specified in the plan.

(6)  The Homes Tasmania Board may draft an amendment of the corporate plan at any time.

(7)  A draft of an amendment of the corporate plan under subsection (6) takes effect when the Minister, in consultation with the Treasurer, approves it.

(8)  Unless otherwise authorised by the Minister, in consultation with the Treasurer, Homes Tasmania must act in accordance with the corporate plan.