Business plan
4K Business plan
The trustees must prepare a business plan each year.
The trustees must give a copy of the proposed business plan to the Minister on or before the date in each year that is determined by the Minister.
S. 4K(3) repealed by No. 4/2011 s. 10.
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The proposed business plan must be in or to the effect of a form approved by the Minister and must include—
a statement of corporate intent, being information about the objectives, main undertakings, activities, accounting policies and performance measures;
financial statements containing the information required by the Minister;
any other matters that the Minister directs.
The trustees must consider any comments on the proposed business plan that are made to it by the Minister within 2 months after the plan was given to the Minister.
S. 4K(6) repealed by No. 4/2011 s. 10.
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The trustees must—
consult in good faith with the Minister following communication to the trustees of any comments under subsection (5); and
make such changes to the proposed business plan as are agreed between the Minister and the trustees; and
deliver the business plan with any changes agreed under paragraph (b) to the Minister within 3 months after the proposed business plan was given to the Minister under subsection (2).
The business plan, or any part of the plan, must not be published or made available except for the purposes of this Part without the prior approval of the trustees and the Minister.
A business plan may be modified at any time by the trustees with the agreement of the Minister.
Pt 3 (Heading) inserted by No. 31/1999 s. 11.
This Act’s bill:Second reading speech
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