31FAuthority to develop annual operational plans

31F Authority to develop annual operational plans

(1) Subject to subsection (2), the Authority shall, in relation to each financial year of a period to which a corporate plan relates or to which an intended corporate plan will relate, develop an annual operational plan setting out particulars of the action that the Authority intends to take in order to give effect to or further, during that year, the matters set out in that corporate plan. (1A) The Authority must ensure that the first annual operational plan is developed within 3 months after the commencement of this subsection. (2) The first annual operational plan shall relate to the period commencing on the day on which the first corporate plan comes into force and ending on the first 30 June after that day and, for the purposes of the operation of subsection (1) in relation to that first annual operational plan, references in that subsection to a financial year shall be read as references to the period to which that first plan relates. (3) Each subsequent annual operational plan shall relate to the financial year commencing immediately after the end of the period to which the previous annual operational plan related.