Annual budget
17 Annual budget
The Trust must, from time to time, prepare and submit to the Minister a budget for the next financial year or for some other period determined by the Minister.
The budget must set out estimates of the Trust's receipts and expenditures for the period to which the budget relates.
The budget must conform with any requirements of the Minister as to its form and the matters to be addressed by the budget.
The Minister may approve a budget submitted under this section with or without modification.
Subject to subsection (6), the Trust must not, without the consent of the Minister, make an expenditure that is not provided for by a budget that has been approved by the Minister under this section.
The Trust is not required to have the approval of the Minister with respect to the expenditure of money received by the Trust by way of a testamentary or other gift.
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