Document ID: chunk:federal_register_of_legislation:C2004A00638:clause:1_20b
Version: federal_register_of_legislation:C2004A00638
Segment Type: clause
Provision Reference: sch 1 cl 20B
Character Range: 13866–15079

20B  Annual operational plans

 (1) Before the beginning of each financial year, the Corporation must:
 (a) prepare a plan for the financial year concerned, setting out the details of:
 (i) the strategies the Corporation proposes to pursue; and
 (ii) the activities the Corporation proposes to carry out; and
 (iii) the resources the Corporation proposes to allocate to each such activity;
  during the financial year in giving effect to the winding‑up plan; and
 (b) give a copy of the first‑mentioned plan to the Minister.

 (2) A plan prepared under subsection (1) is to be known as an annual operational plan.

 (3) The Corporation must keep the Minister informed about matters that arise that might significantly affect the carrying out of an annual operational plan.

 (4) The Corporation may vary an annual operational plan.

 (5) If the Corporation varies the annual operational plan, the Corporation must give a copy of the variation to the Minister.

 (6) The Minister may direct the Corporation to vary an annual operational plan.

 (7) The Corporation must comply with a direction under subsection (6).

Part IVB—Transfers of assets, contracts and liabilities from State bodies to the Corporation