Draft operational plan to be submitted to Minister
20 Draft operational plan to be submitted to Minister
In each financial year the Authority is to prepare, and submit to the Minister for approval, a draft operational plan.
The Minister may from time to time, with the concurrence of the Treasurer, by written notice to the Authority —
fix a day in each year by which a draft operational plan is to be submitted under subsection (1); or
cancel a notice given under paragraph (a).
Each draft operational plan is to be submitted not later than —
the day fixed under subsection (2); or
if there is for the time being no day so fixed — 2 months before the start of the next financial year (called the relevant financial year in this section and sections 21 and 22).
When the Minister approves of a draft operational plan it becomes the Authority’s operational plan for the relevant financial year but the Minister must have the Treasurer’s concurrence before approving a draft operational plan.
If a draft operational plan has not been approved by the Minister before the start of the relevant financial year, the latest draft plan is to be the operational plan for the Authority until a draft operational plan is approved by the Minister.
In subsection (4) —
latest draft plan means the draft operational plan submitted, or last submitted, by the Authority to the Minister before the start of the relevant financial year with any modifications made by the Authority, whether before or after that time, at the direction of the Minister.
[Section 20 amended: No. 77 of 2006 s. 12.]
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