Document ID: chunk:federal_register_of_legislation:C2005C00491:clause:2_5
Version: federal_register_of_legislation:C2005C00491
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 134041–135237

5  Subsection 50(1)
Repeal the subsection, substitute:

 (1) The NRA must give to the Minister a corporate plan on or before 1 June (or such later day as the Minister in a particular calendar year allows) in each calendar year.

 (1A) If:
 (a) apart from this subsection, the NRA would be required to give to the Minister a corporate plan on or before 1 June (or a later date) in a particular calendar year (the relevant calendar year); and
 (b) if the corporate plan were given, the first year to which it would be required to relate would be a year to which a previous corporate plan given by the NRA to the Minister relates; and
 (c) the Minister, at the request of the NRA, determines that this subsection is to apply in respect of the relevant calendar year;
the NRA is not required to give to the Minister a corporate plan in the relevant calendar year.

 (1B) However, if the NRA does not give to the Minister a corporate plan in a particular calendar year, the NRA:
 (a) must inform the Minister of any proposed changes to the strategies set out in the last corporate plan given by it to the Minister; and
 (b) must not make those changes unless they have been approved by the Minister.