Commonwealth Consolidated Acts(1) The Corporation shall cause a copy of a corporate plan prepared under section 31 to be given to the Minister:
(a) in the case of the first plan--on or before 1 October 1986 or such later day as the Minister approves; or
(b) in any other case--at least 3 months before the commencement of the period to which the plan relates.
(2) Where a copy of a corporate plan is given to the Minister, the Minister may, by notice in writing given to the Corporation:
(a) agree to the plan; or
(b) if the Minister is of the opinion that, in the interests of the industry or of a particular sector of the industry, the plan should be revised in some respect--request the Corporation to revise the plan appropriately.
(3) The Minister shall include in the notice of request under paragraph (2)(b) a statement setting out the Minister's reasons for making the request.
(4) Where the Corporation receives a request under paragraph (2)(b), the Corporation shall consider the request and statement of reasons, make such revision of the corporate plan as it considers appropriate and re‑submit the revised plan to the Minister for the Minister's agreement.
(5) A corporate plan comes into force:
(a) at the commencement of the period to which the plan relates; or
(b) on the day on which the Corporation receives notice of the Minister's agreement;
whichever is the later.
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