Australian Renewable Energy Agency Act 2011

The Board must, during a financial year, regularly review the general funding strategy that is in force for the year and consider if any variations should be made to the strategy.

The Board may vary a general funding strategy.

A variation must be in writing.

As soon as practicable after developing a variation, the Board must give a copy of the variation to the Minister for approval.

Before approving a variation, the Minister must consult the Finance Minister.

A variation comes into force at the later of the following times:

the time when the Minister approves the variation;

the commencement time specified in the instrument of variation (not being a time before the instrument is made).

A variation developed by the Board and approved by the Minister is a legislative instrument made by the Minister on the day on which the variation is approved, but section 42 (disallowance) of the Legislation Act 2003 does not apply to a variation.