When plan is in effect
37 When plan is in effect
A participant’s plan comes into effect when the CEO has:
received the participant’s statement of goals and aspirations from the participant; and
approved the statement of participant supports.
Division 4 deals with varying and replacing plans.
A participant’s plan ceases to be in effect at the earliest of the following times:
when the plan is replaced by another plan (see subsection (4));
if the plan is a new framework plan—immediately after the end of the maximum period of effect specified in the plan under paragraph 32D(2)(d);
in any case—when the participant ceases to be a participant.
A new framework plan may be varied to change the period mentioned in paragraph (b) (see paragraph 47A(1AA)(d)).
For the purposes of paragraph (3)(a), if a plan (the replacement plan) comes into effect for a participant while another plan is in effect, the other plan is replaced by the replacement plan.
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