27Corporate plan

27 Corporate plan

(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 specify the strategic direction of the Authority during the period covered by the plan; and

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

(g) is to be consistent with the objective and ministerial charter of the Authority.

(3)  [Section 27 Subsection (3) amended by S.R. 2002, No. 145, Applied:11 Dec 2002] The Board must provide a draft of the corporate plan to the Minister, Treasurer and Tourism Council Tasmania Limited not later than 60 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 28 , by not later than 30 days before the day on which the corporate plan will take effect.

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

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

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

(9)  The Board must provide a copy of its corporate plan and an amended corporate plan to the Treasurer and the Tourism Council Tasmania Limited within 14 days after the Board has been notified of its approval by the Minister.