sec.97Corporation’s budget

### sec.97 Corporation’s budget The corporation must develop and adopt a budget for each financial year. The budget must be given to the Minister for the Minister’s approval within the time the Minister directs. The corporation may develop and adopt changes to its approved budget for a financial year. Each change must be given to the Minister for the Minister’s approval. A budget for a financial year, and any change to the approved budget for the financial year, has effect only if it is approved by the Minister. The corporation must comply with its budget. The corporation’s budget for a financial year must, at all times, be consistent with the funds available to it for the year. A budget for a financial year must show— estimates of the corporation’s receipts and payments for the year; and the purposes for which payments are to be made; and the estimates of the corporation’s receipts and payments adopted for the previous year and the actual receipts and payments for that year. s 97 ins 1993 No. 71 s 13 (sec.97-ssec.1) The corporation must develop and adopt a budget for each financial year. (sec.97-ssec.2) The budget must be given to the Minister for the Minister’s approval within the time the Minister directs. (sec.97-ssec.3) The corporation may develop and adopt changes to its approved budget for a financial year. (sec.97-ssec.4) Each change must be given to the Minister for the Minister’s approval. (sec.97-ssec.5) A budget for a financial year, and any change to the approved budget for the financial year, has effect only if it is approved by the Minister. (sec.97-ssec.6) The corporation must comply with its budget. (sec.97-ssec.7) The corporation’s budget for a financial year must, at all times, be consistent with the funds available to it for the year. (sec.97-ssec.8) A budget for a financial year must show— estimates of the corporation’s receipts and payments for the year; and the purposes for which payments are to be made; and the estimates of the corporation’s receipts and payments adopted for the previous year and the actual receipts and payments for that year. - (a) estimates of the corporation’s receipts and payments for the year; and - (b) the purposes for which payments are to be made; and - (c) the estimates of the corporation’s receipts and payments adopted for the previous year and the actual receipts and payments for that year.