sec.55TIQ’s first strategic and operational plans

sec.55 TIQ’s first strategic and operational plans

This section applies to TIQ’s first strategic and operational plans. Having regard to when TIQ is established, and any other relevant circumstances, the Minister may agree to the first plans being prepared and submitted at a time later than would otherwise apply under the Financial Accountability Act 2009 . If the Minister acts under subsection (2) in relation to a plan, the period for which the plan applies is— the remainder of the financial year in which it is submitted; and if TIQ and the Minister agree the plan is also to apply for the following financial year, for that financial year. (sec.55-ssec.1) This section applies to TIQ’s first strategic and operational plans. (sec.55-ssec.2) Having regard to when TIQ is established, and any other relevant circumstances, the Minister may agree to the first plans being prepared and submitted at a time later than would otherwise apply under the Financial Accountability Act 2009 . (sec.55-ssec.3) If the Minister acts under subsection (2) in relation to a plan, the period for which the plan applies is— the remainder of the financial year in which it is submitted; and if TIQ and the Minister agree the plan is also to apply for the following financial year, for that financial year.

• (a) the remainder of the financial year in which it is submitted; and
• (b) if TIQ and the Minister agree the plan is also to apply for the following financial year, for that financial year.