13Corporate plans

13 Corporate plans

13 Corporate plans

(1) TAM must, at least 3 months before the beginning of each financial year, prepare and give to the Minister a draft corporate plan for the financial year.

(2) TAM must—

(a) consider comments on the draft corporate plan that were made by the Minister within 2 months after the draft plan was given to the Minister, and

(b) give the completed corporate plan to the Minister before the beginning of the financial year.

(3) TAM must make a draft plan available for public comment for at least 30 days and must have regard to submissions it receives about the draft plan within that period.

(4) The arrangements for obtaining or inspecting the draft plan and for making submissions must be publicly advertised.

(5) TAM must make the completed corporate plan available for public inspection.

(6) However, TAM is not required to include in a draft or completed plan made available for public comment or inspection commercially sensitive information or that it would otherwise not be required to disclose under the Government Information (Public Access) Act 2009.

(7) TAM must, as far as practicable, exercise its functions in accordance with the relevant corporate plan.

(8) A corporate plan must specify—

(a) the separate activities of TAM and, in particular, the separate commercial and non-commercial activities, and

(b) the objectives of each separate activity for the financial year and for future financial years, and

(c) the strategies, policies and budgets for achieving the objectives in relation to each separate activity, and

(d) the targets and criteria for assessing TAM’s performance, and

(e) details of the following that are proposed or expected to occur during the financial year—

(i) a sale or other disposal of land vested in or owned by TAM,

(ii) a lease of that land of more than 5 years duration.