19Corporate plan

19 Corporate plan

(1)  In each year, the TasTAFE 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 TasTAFE's objectives, policies and programs and how they comply with the statement of expectations;

(b) a statement of TasTAFE’s financial plans for the period;

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

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

(3)  The TasTAFE 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 of TasTAFE; or

(b) require the TasTAFE Board to amend the draft corporate plan one or more times before approving it under paragraph (a) .

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

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

(7)  A draft of an amendment of the TasTAFE 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, TasTAFE must act in accordance with the corporate plan.