19DCorporate plan

19D Corporate plan

[Section 19D Inserted by No. 20 of 1995, s. 3 and Sched. 1 ]

(1)  In each financial year, the Board must prepare a corporate plan for the Authority.

(2)  The corporate plan –

(a) is to cover a period of not less than 3 financial years commencing on the day it takes effect; and

(b) is to contain a summary of the projected financial results of the Authority in respect of the current financial year and each financial year covered by the plan; and

(c) is to contain a summary of the financial results of the Authority in respect of the financial year immediately preceding the current financial year; and

(d) is to contain the statement of corporate intent; and

(e) is to be in a form and contain the information specified by the Minister; and

(f) is to be consistent with the ministerial charter.

(3)  [Section 19D Subsection (3) amended by No. 19 of 2024, s. 18, Applied:02 Oct 2024] The Board must provide a draft of the corporate plan to the Minister and Treasurer not later than 90 days before the day on which the corporate plan will take effect.

(4)  When a draft corporate plan is approved by the Minister it becomes the corporate plan of the Authority.

(5)  The Minister must approve a corporate plan, prepared in accordance with this section and section 19E , by not later than 30 days before the day on which the corporate plan will take effect.

(6)  A corporate plan takes effect on the first day of the financial year next commencing after its approval by the Minister.

(7)  A Board may prepare an amendment of its corporate plan at any time.

(8)  An amendment of a corporate plan takes effect when it is approved by the Minister.

(9)  [Section 19D Subsection (9) amended by No. 19 of 2024, s. 18, Applied:02 Oct 2024] The Board must provide a copy of its corporate plan and an amended corporate plan to the Treasurer within 14 days after the Board has been notified of its approval by the Minister.