Victorian Consolidated Legislation

Australian Grands Prix Act 1994 - SECT 25

Business plan

25. Business plan



(1) The Corporation must prepare a business plan each year.

(2) The Corporation must give a copy of the proposed plan to the Minister and
the Treasurer on or before such date in each year as is determined by the
Minister and the Treasurer.

(3) The proposed business plan must be in or to the effect of a form approved
by the Minister and the Treasurer and must include-

   (a)  a statement of corporate intent, being information about the
        objectives, main undertakings, activities, accounting policies and
        performance measures of the Corporation;

   (b)  financial statements containing information requested by the Minister
        and the Treasurer;

   (c)  such other matters as the Minister and the Treasurer direct.

(4) The Corporation must consider any comments on the proposed plan that are
made to it by the Treasurer or the Minister within 2 months after the plan was
submitted to the Treasurer and the Minister.

(5) The Corporation must consult in good faith with the Treasurer and the
Minister following communication to it of the comments, must make such changes
to the plan as are agreed between the Treasurer, the Minister and the
Corporation and must deliver the completed plan to the Treasurer and Minister
within 3 months after the plan was submitted to the Treasurer and the
Minister.

(6) The plan, or any part of the plan, must not, within 5 years after the end
of the year to which it applies, be published or made available, except for
the purposes of this section, without the prior approval of the Corporation,
the Treasurer and the Minister.

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