Provision
119
Parts V and VI:
Repeal the Parts, substitute:
"PART V—CORPORATE PLAN
Corporate plan
"44.(1) The Board must prepare a corporate plan at least once a year and give it to the Minister.
"(2) The plan must cover a period of at least 3 years.
"(3) The Board must keep the Minister informed about:
significant changes to the plan; and
matters that arise that might significantly affect the achievement of the objectives of the plan.
"(4) The plan must include details of the following matters:
assumptions about CASA's operational environment;
the strategies of CASA;
performance measures for CASA;
review of performance against previous corporate plans;
analysis of risk factors likely to affect safety in the aviation industry;
human resource strategies and industrial relations strategies.
"(5) The plan must also cover any other matters required by the Minister, which may include further details about the matters in subsection (4).
SCHEDULE 1—continued
"(6) In preparing the plan, the Board must take account of notices given under section 12A.
Minister's response to corporate plan
"45.(1) The Minister must respond to a corporate plan within 60 days of being given the plan.
"(2) The Minister's response may include a direction to the Board to vary the plan.
"(3) A direction under subsection (2) must be in writing and must set out its reasons.
"(4) If directing a variation of the corporate plan, the Minister must consider:
the objectives and policies of the Commonwealth Government; and
the objects of this Act; and
any other considerations the Minister thinks appropriate.
"(5) If the Minister's response includes a direction to vary the corporate plan, the Board must prepare a revised plan and give it to the Minister within 28 days of being given the response.
"(6) The Minister must cause a copy of the corporate plan to be laid before each House of Parliament:
within 15 sitting days after the Minister responded to the plan, if the Minister's response did not include a direction to vary the plan; or
within 15 sitting days after the Minsiter received a revised plan, if the Minister's response included a direction to vary the plan.
"PART VI—FINANCE
CASA to be paid money appropriated by Parliament
"46.(1) There is payable to CASA such money as is appropriated by the Parliament for the purposes of CASA.
"(2) The Minister for Finance may give directions as to the amounts in which, and the times at which, the money is to be paid to CASA.
Application and investment of money
"47.(1) Subject to subsection (2), CASA's money may only be applied:
in payment or discharge of the expenses, charges, obligations and liabilities incurred or undertaken by CASA in, or in connection with, the performance of its functions or the exercise of its powers; and
SCHEDULE 1—continued
in payment of any remuneration or allowances payable under this Act.
"(2) The money of CASA that is not immediately required for the purposes of CASA may be invested:
on fixed deposit with an approved bank; or
in securities of the Commonwealth; or
in any manner approved by the Treasurer.
"(3) In this section:
'approved bank' means the Reserve Bank of Australia or a bank approved by the Treasurer for the purposes of this section.
Estimates
"48.(1) The Board must prepare estimates, in the form directed by the Minister, of its receipts and expenditure for each financial year and, if the Minister directs, for any other period specified by the Minister.
"(2) The Board must submit the estimates to the Minister not later than the date directed by the Minister.
"(3) CASA's money must not be expended except in accordance with the estimates of expenditure approved by the Minister.
Application of Division 3 of Part XI of the Audit Act
"49.(1) CASA is a public authority to which Division 3 of Part XI of the Audit Act 1901 applies.
"(2) CASA must include the following particulars in each report prepared and submitted under section 63M of the Audit Act 1901:
particulars of each direction given to CASA by the Minister under section 12, during the financial year covered by the report;
in relation to notices given to CASA by the Minister under section 12A:
particulars of each notice, given during the financial year covered by the report; and
a summary of action taken in the financial year by CASA, or by the Board, because of notices given to CASA in any financial year;
particulars of each direction given to CASA by the Minister under section 12B, during the financial year covered by the report.
Taxation
"50. CASA is not subject to taxation under any law of a State or Territory.".
SCHEDULE 1—continued
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