Corporate plan
73E Corporate plan
In each financial year, the Commission must prepare a corporate plan for the Commission.
The corporate plan – is to cover a period of not less than 3 financial years commencing on the day it takes effect; and is to contain a summary of the projected financial results of the Commission in respect of the current financial year and each financial year covered by the plan; and is to contain a summary of the financial results of the Commission in respect of the financial year immediately preceding the current financial year; and is to contain the statement of corporate intent; and is to be in a form and contain the information specified by the Minister; and is to be consistent with the ministerial charter.
The Commission must provide a draft of the corporate plan to the Minister, Stakeholder Minister and Treasurer not later than 90 days before the day on which the corporate plan will take effect.
When a draft corporate plan is approved by the Minister it becomes the corporate plan of the Commission.
The Minister must approve a corporate plan, prepared in accordance with this section and section 73F, by not later than 30 days before the day on which the corporate plan will take effect.
A corporate plan takes effect on the first day of the financial year next commencing after its approval by the Minister.
The Commission may prepare an amendment of its corporate plan at any time.
An amendment of a corporate plan takes effect when it is approved by the Minister.
The Commission must provide a copy of its corporate plan and an amended corporate plan to the Stakeholder Minister and Treasurer within 14 days after the Commission has been notified of its approval by the Minister.
Except where the Minister otherwise approves, the Commission must act in accordance with its corporate plan or amended corporate plan.
This Act’s bill:Explanatory notesSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.