16FBusiness plan

16F Business plan

(1) The Trust must prepare a business plan each year.

(2) The Trust must give a copy of the proposed business plan to the Minister on or before the date in the year determined by the Minister.

(3) The proposed business plan must be in or to the effect of a form approved by the Minister and must include—

(a) a statement of corporate intent, being information about the objectives, main undertakings, activities, accounting policies and performance measures of the Trust;

(b) financial statements containing information requested by the Minister;

(c) such other matters as the Minister directs.

(4) The Trust must consider any comments on the proposed plan that are made to it by the Minister within 2 months after the plan was submitted to the Minister.

(5) The Trust must consult in good faith with the Minister following communication to it of the comments, must make any changes to the plan that are agreed between the Minister and the Trust and must deliver the completed plan to the Minister within 3 months after the plan was submitted to the Minister.

New s. 16G inserted by No. 62/2007 s. 10.