Approval of business plan
47ZF Approval of business plan
In this section —
relevant period means a financial year or another period referred to in section 47ZE(2)(a).
If the Coordinator gives the Minister a draft business plan in relation to a relevant period under section 47ZE or subsection (3), the Minister may, by written notice —
approve the draft business plan; or
direct the Coordinator to, within the period specified in the notice —
take specified steps in relation to the draft business plan or make specified modifications to the draft business plan; and
submit a revised draft business plan.
The Coordinator must comply with a direction under subsection (2)(b) as soon as is practicable and in any event within the period specified in the notice.
A draft business plan in relation to a relevant period that has been approved under subsection (2)(a) is the business plan for that period.
If the Minister has not approved a draft business plan in relation to a relevant period before the start of that period, the business plan for that period is, until a business plan is approved for the period, the business plan for the previous relevant period with any modifications determined by the Minister.
[Section 47ZF inserted: No. 5 of 2019 s. 6.]
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